HOLLYWOOD, Calif., Aug. 11 /PRNewswire/ -- The Entertainment Industry
Development Corporation (EIDC) -- a private nonprofit that coordinates
on-location entertainment production for the City and County of Los Angeles --
today announced the appointment of Michael J. Bennett as its chief financial
officer. In his new post, Bennett will oversee all activities involving the
agency's finance, human resources and information technology.
Bennett joins EIDC with nearly three decades of senior level management
experience in both the nonprofit and commercial sectors. He has worked with
start-ups and large publicly-traded companies in industries ranging from
consumer electronics and medical devices to family counseling/psychotherapy
services. He replaces interim CFO Denise Gutches, who has served on EIDC's
management team since 2004.
"Michael will be a terrific asset," said EIDC President Steve MacDonald.
"His unique skills and expertise are ideally suited to this position, and will
help EIDC fulfill its mission of serving the entertainment industry and the
Bennett previously served as chief operating officer of Interface Family
Services (Camarillo, Calif.), the largest nonprofit provider of domestic
violence intervention and family psychotherapy services in Ventura County.
During his tenure, he reduced operating expenses significantly, while
developing financial controls to ensure billing consistency, accuracy and
He also served as vice president of finance and chief financial officer of
PS Medical (Santa Barbara, Calif.) -- a global leader in implantable medical
devices to treat neurological disorders. He was instrumental in the company's
1995 merger with Medtronic, spearheading the merger and due diligence process
with the Fortune 500 company. During his 12 years at PS Medical and the newly
named Medtronic Neurosurgery division, Bennett instituted financial controls
and fiscal policies to boost operating profit. He was also appointed chairman
of the company's Business Ethics Committee.
Earlier experience includes serving as controller of disk storage
manufacturer IBIS Systems (Westlake, Calif.), manager of financial controls
for stereo component maker JBL/Infinity Systems (Northridge, Calif.) and
manufacturing cost accounting supervisor for Becton Dickson Labware (Oxnard,
About the Entertainment Industry Development Corporation (EIDC)
EIDC is a private, one-of-a-kind 501c(4) nonprofit corporation working on
behalf of film, television and commercial producers, Los Angeles area
residents and local government to sustain Los Angeles' position as the global
leader in media production. EIDC is not a government agency, but holds
contracts with several cities and other government agencies to facilitate
filming. More information about EIDC is available at www.eidc.com.
SOURCE The Entertainment Industry Development Corporation (EIDC)