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Film exec Mark Gill has been named president of Millennium Films, seven weeks after announcing the shuttering of his 4-year-old shingle the Film Department.

Millennium made the announcement Tuesday and said it plans to produce and finance five to eight “star-driven” wide-release films per year with budgets between $20 million and $80 million.

The company said Gill will work closely with Nu Image/Millennium Films toppers Avi Lerner and Trevor Short and development head Boaz Davidson starting in July and focus on development, packaging, production and marketing.

“It’s a new Millennium,” said Lerner. “Mark and I have known each other for 10 years, and have worked together very well in the past. He is highly respected in the creative community, has a strong business sense, and is a very hard worker who likes to move as quickly as we do. I am confident that we will be an extremely effective team.”

Gill and Neal Sacker closed down the Film Department on May 5, announcing that they were “crushed” by the credit crisis and unable to obtain new financing. Sacker and Gill met while working at Miramax in the late 1990s and launched TFD in 2007 with $200 million in financing from GE Capital.

Gill’s previous stints were as president of Warner Independent, preceded by a partnership in Stratus Film Co., eight years at Miramax where he was president of Miramax/L.A. and six years at Columbia and TriStar Pictures.

“At first glance, Avi and I may seem like the ultimate odd couple,” Gill said Tuesday. “But we’ve always gotten along really well, and we share the same ambition — to make high-quality commercial movies that are strong both creatively and economically on a worldwide basis.”