DreamWorks Exec Named Cendant CFO
Ronald Nelson of DreamWorks SKG has resigned to become chief financial officer at Cendant Corp., the largest U.S. travel and real estate services company.
Nelson, 50, was chief operating officer at the film, music and TV production firm since its founding in 1994. He helped raise $5 billion in capital for closely held DreamWorks. He said he was looking for a new position after DreamWorks completed a refinancing last year, giving it access to debt through at least 2007.
For the record:
12:00 a.m. April 19, 2003 For The Record
Los Angeles Times Saturday April 19, 2003 Home Edition Main News Part A Page 2 National Desk 1 inches; 33 words Type of Material: Correction
DreamWorks resignation -- An article in Tuesday’s Business section about DreamWorks SKG executive Ronald Nelson’s resignation gave the wrong title for his former job. He was co-chief operating officer, not chief operating officer.
“I really felt my work at DreamWorks was done,” Nelson said.
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