Beverly Hills, CA – July 18, 2012, The Academy of Motion Picture Arts and Science has promoted Andy Horn to the newly created position of Chief Financial Officer, Academy CEO Dawn Hudson announced. Horn will report directly to Hudson.
“Andy is an exceptional executive and an outstanding financial strategist,” said Hudson. “Over the years, his skills and expertise have earned him the respect of the Board, and he has led us in uncertain economic times to an even more secure place from which we can continue to grow and prosper.”
Horn has served as the Academy’s Controller since joining the staff in 2001. During that time, he has managed the year-round, day-to-day financial activities of the organization. For the annual Academy Awards®, Horn participates in devising the budget and reviews expenditures, and has been involved in contract negotiations with the ABC Television Network and the CIM Group, owners of the Hollywood & Highland Center® where the Oscars® ceremony is held. In addition, Horn oversaw the $35 million bond offering on the Academy’s Pickford Center in Hollywood, as well as two subsequent refinancing efforts.
In his new position, Horn will help set the strategic vision for the Academy’s financial affairs while continuing to oversee their daily administration. He will be responsible for the finances of the Academy and its foundations, which hold the assets of the Margaret Herrick Library, the Academy Film Archive, the Science and Technology Council and the Academy Museum of Motion Pictures. For the Academy Museum, Horn will oversee all non-fundraising financial matters.
The creation of the CFO position was enabled by a change to the Academy’s bylaws, which was approved by the Board of Governors at its most recent meeting, making Horn the most senior financial executive at the organization.
Before joining the Academy staff, Horn spent seven years at PricewaterhouseCoopers, where he oversaw audits of a number of large entertainment industry clients, including the Academy.
Source: The Academy
Photo credit to: (C) Academy of Motion Picture Arts and Sciences