DreamWorks Animation Taps Fazal Merchant as CFO

DreamWorks Animation has tapped Fazal Merchant as its new chief financial officer.

He will replace current CFO Lew Coleman, who has taken on the role of vice chairman and has been tasked with helping the company grow its brand globally.

Merchant boasts a background in the satellite TV and banking sectors, and comes to DreamWorks Animation from DirecTV, where he was most recently SVP and CFO of DirectTV Latin America.

He joins DreamWorks Animation as the studio is attempting to diversify its business beyond animated film, venturing into television, consumer products and online video through its recent purchase of AwesomenessTV.

Though it scored a $535.5 million hit with “How to Train Your Dragon 2,” the company was forced to take writedowns on such recent films as “Rise of the Guardians” and “Turbo.” One of those, a $13.5 million writedown it took on “Turbo,” prompted an investigation with the U.S. Securities and Exchange Commission.

Prior to joining DirecTV in July 2012, Merchant was managing director and group head at the Royal Bank of Scotland and was a managing director in the Investment Banking Division of Barclays Capital. He also spent nine years at Ford Motor Company.

Merchant will start his new post on September 15, 2014.

More Film

  • BFI Sets Out Widespread Plans to

    British Film Institute Sets Out Proposals to Boost U.K. Indie Film Sector

    DreamWorks Animation has tapped Fazal Merchant as its new chief financial officer. He will replace current CFO Lew Coleman, who has taken on the role of vice chairman and has been tasked with helping the company grow its brand globally. Merchant boasts a background in the satellite TV and banking sectors, and comes to DreamWorks […]

  • Robin Hood

    Hungary Raises Production Incentive from 25% to 30% (EXCLUSIVE)

    DreamWorks Animation has tapped Fazal Merchant as its new chief financial officer. He will replace current CFO Lew Coleman, who has taken on the role of vice chairman and has been tasked with helping the company grow its brand globally. Merchant boasts a background in the satellite TV and banking sectors, and comes to DreamWorks […]

  • King Cohen review

    Film Review: 'King Cohen'

    DreamWorks Animation has tapped Fazal Merchant as its new chief financial officer. He will replace current CFO Lew Coleman, who has taken on the role of vice chairman and has been tasked with helping the company grow its brand globally. Merchant boasts a background in the satellite TV and banking sectors, and comes to DreamWorks […]

  • 'The Equalizer 2' Review

    Film Review: Denzel Washington in 'The Equalizer 2'

    DreamWorks Animation has tapped Fazal Merchant as its new chief financial officer. He will replace current CFO Lew Coleman, who has taken on the role of vice chairman and has been tasked with helping the company grow its brand globally. Merchant boasts a background in the satellite TV and banking sectors, and comes to DreamWorks […]

  • Stan Dragoti 'The Last Boyscout' PremiereDecember

    Stan Dragoti, Director of 'Mr. Mom,' 'Love at First Bite,' Dies at 85

    DreamWorks Animation has tapped Fazal Merchant as its new chief financial officer. He will replace current CFO Lew Coleman, who has taken on the role of vice chairman and has been tasked with helping the company grow its brand globally. Merchant boasts a background in the satellite TV and banking sectors, and comes to DreamWorks […]

  • Jagged Edge

    Film News Roundup: Halle Berry's 'Jagged Edge' Remake Finds Writer

    DreamWorks Animation has tapped Fazal Merchant as its new chief financial officer. He will replace current CFO Lew Coleman, who has taken on the role of vice chairman and has been tasked with helping the company grow its brand globally. Merchant boasts a background in the satellite TV and banking sectors, and comes to DreamWorks […]

  • Kate Winslet Diane Keaton Mia Wasikowska

    Kate Winslet, Diane Keaton, Mia Wasikowska to Star in 'Silent Heart' Remake

    DreamWorks Animation has tapped Fazal Merchant as its new chief financial officer. He will replace current CFO Lew Coleman, who has taken on the role of vice chairman and has been tasked with helping the company grow its brand globally. Merchant boasts a background in the satellite TV and banking sectors, and comes to DreamWorks […]

More From Our Brands

Access exclusive content