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Veteran finance exec Gary Stutman has been elevated to chief financial officer at Morgan Creek Prods.

Stutman has served as veep of finance for Morgan Creek for the past 2½ years and was previously employed at the company in the late 1980s as VP of business affairs and finance.

He’s also worked at New Line as senior VP of business affairs, along with stints at Warner Bros. and Fox.

Move comes a month after Rick Nicita left CAA to become co-chairman and chief operating officer of Morgan Creek. The company, which fully finances its pictures, hopes to greenlight two to three pictures per year that will be run through its output deal with Universal.