Cendant Names DreamWorks Executive to COO Post

New York, N.Y. -- Cendant Corp. on Monday announced it has hired Ronald L. Nelson, COO for entertainment company DreamWorks SKG, as COO. Nelson also joined Cendant's board of directors.

Cendant is the parent company of Avis and Budget.

Nelson has served as COO of DreamWorks since its formation in 1994 by Hollywood moguls Steven Spielberg, David Geffen and Jeffrey Katzenberg. Nelson will assume his CFO duties at Cendant on May 12. He has more than 25 years of experience in corporate finance.

At DreamWorks, Nelson was instrumental in raising more than $5 billion in capital to launch the company. He was also responsible for developing the company's infrastructure and operating policies.

Prior to joining DreamWorks, Nelson was CFO at Paramount Communications. While there, he played a pivotal role in the $10 billion sale of Paramount to Viacom in 1993.

Comment On This Story

Name:  
Email:  
Comment: (Max. 10000 characters)  
Please leave blank:
* Please note that every comment is moderated.

 
 

Newsletter: Sign up to receive latest news, articles, and much more.

Read the latest

Auto Focus Blog: A blog covering fleets, auto rental and the business of cars

The Problem with Valuing Safety Technology

As advanced safety technologies have migrated to mainstream vehicles, retaining value for these options at resale remains an issue.

ELD Mandate: Is Your Head Still in the Sand?

If you think you have 11 weeks to implement an Electronic Logging Device system to meet the Dec. 18 compliance deadline, you really don’t — for a few reasons.

Who Controls Your Vehicles’ Data?

In the name of security, an automaker’s alliance is advocating denial of third-party access to the OBD-II port. Is this going too far?

Job Finder: Access Top Talent. Fill Key Positions.

>