NewsDialy
Paramount is appointing Ynon Kreiz as a new co-CEO in preparation for the close of its $110 billion merger with Warner Bros.
Kreiz, who previously served as chairman and CEO of Mattel, will lead the company alongside current chairman and CEO David Ellison. According to Paramount, the division of labor is specific.
Ellison will concentrate on the company's long-term strategy, creative vision and direction. His responsibilities include managing talent relationships, partnerships, technology and capital allocation.
Kreiz will handle the day-to-day management of the firm and oversee the integration of the combined businesses. The combined entity of Paramount and Warner Bros. Discovery will report jointly to both executives.
Keep reading