The Weinstein Company is promoting David Hutkin to Chief Financial Officer, following Andy Kim’s exit to join Participant Media. Hutkin has been with TWC since 2010 as EVP Strategic Initiatives, Investments, and Banking. In the new post, he will report directly to co-chairmen Harvey and Bob Weinstein and President/COO David Glasser.

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Hutkin, who has a long track record of working with banks and investors, is based in L.A. He has negotiated and secured financing for films including Southpaw and upcoming film Boys in the Boat and TV projects including The Mist and Marco Polo. Before TWC, Hutkin spent 15 years in entertainment financing for various banks, heading entertainment finance for First California Bank and before that working at Wells Fargo, Bank of America, ICB Entertainment Finance and the Lewis Horwitz Organization. He’s also a faculty member for USC Film School’s MFA program in producing, teaching Film/TV Finance and Distribution.

“Over the last six years, David has demonstrated complete ingenuity and resourcefulness when it comes to investors and entertainment finance,” Bob and Harvey Weinstein said in a statement. “His extensive background in banking and strategic finance is perfectly suited for our continued growth as a company, especially in our TV division. We are thrilled that he will be taking on this new role.”

TWC COO and President David Glasser said: “I have had the pleasure of working with David for the last 15 years and I see him as the ideal candidate to guide us through strategic plays in TV, film and other areas TWC chooses to explore in the coming years.”

Said Hutkin: “Working at TWC has been an incredible opportunity filled with so many great challenges and experiences. I’m looking forward to working with Harvey, Bob, David, and the rest of the TWC team in this new role as the company continues to grow and explore new ventures.