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Home Studios DreamWorks

DreamWorks Appoints Fazal Merchant as New CFO

Alissa Roy by Alissa Roy
August 24, 2014
in DreamWorks, The Latest Animation News
1 min read
0
DreamWorks Animation Reveals New Lineup For 2017 and Beyond

Dreamworks-Studio-Space-Clouds-Logo-WallpaperFazal Merchant will replace Lew Coleman as DreamWorks Animation’s new Chief Financial Officer.

DreamWorks has been struggling financially, taking write downs on Rise of the Guardians and Turbo. The $13.5 million write down on Turbo even prompted an investigation with the US Securities and Exchange Commission. So it looks like Merchant will be busy for a while.

Merchant comes to DreamWorks as the company is attempting to diversify their background beyond movies. The company will be growing in television, consumer products, and online video.

Merchant has previously worked in the fields of satellite television and banking, and is coming from his job at DirectTV as SVP and CFO of DirectTV Latin America. He has also worked at the Royal Bank of Scotland, the Investment Banking Division of Barclays Capital, and at Ford Motor Company.

Hopefully his diverse background and years of experience will help to solve DreamWorks’ financial woes.

What do you think of DreamWorks’ new CFO? 

Tags: fazal merchant
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Alissa Roy

Alissa Roy

Alissa is a student at the Rochester Institute of Technology, studying Media Arts & Technology. Her hometown is in the Middle-of-Nowhere, NY, where winter is approximately 6 months of the year. She is extremely nerdy, and loves all things animated, literary, or Harry Potter related. Her older sister spawned her love of animation by dragging her downstairs at 2 a.m. every morning and making her watch various films until their parents took them back to bed. Some of her all-time favorite films include Mulan, The LEGO Movie, Up, Tangled, and The Lion King. She also collects old Peanuts comic strips, and spends her free time reading, writing for the Rotoscopers, and working a variety of jobs. You can follow Alissa on Instagram and Twitter: @ThisAlissa. See her work here.

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