Village Roadshow Pictures Entertainment today promoted CFO Matthew Velkes to the newly created position of Chief Operating Officer, the company announced. Velkes will report to Bruce Berman, Chairman and CEO of VRPE and Greg Basser, CEO of Village Roadshow Entertainment Group. “We are pleased to recognize Matthew’s enormous contributions to Village Roadshow Pictures by naming him COO. During his six years at the company, Matthew’s work has expanded beyond the financial realm to that of a full-fledged motion picture executive. His extensive relationships in the community will serve the company well as we move forward to develop our next projects,” said the duo in a statement on Thursday. Velkes joined Village Roadshow back in 2006 as CFO. Those came after stints as Senior Vice President, Motion Pictures Finance and Business Development for Twentieth Century Fox and as CFO and later COO of startup independent film company Pandemonium. Before that Velkes had a career in investment banking.
Deadline's Dominic Patten - tip him here.