On October 14, 2024, Paramount Global announced the resignation of Charles E. Phillips, Jr. from its Board of Directors, effective October 31, 2024. Phillips cited the expansion of his firm, Recognize, which is launching a second fund next month, as the reason for his departure, stating that it would limit his time for outside commitments. He expressed his gratitude for having served on the boards of Viacom, ViacomCBS, and Paramount in a dynamic industry and wished the company and its employees well for the future. The announcement was made in accordance with the requirements of the Securities Exchange Act of 1934.

On October 14, 2024, Paramount Global announced the resignation of Charles E. Phillips, Jr. from its Board of Directors, effective October 31, 2024. Phillips cited the expansion of his firm, Recognize, which is launching a second fund next month, as the reason for his departure, stating that it would limit his time for outside commitments. He expressed his gratitude for having served on the boards of Viacom, ViacomCBS, and Paramount in a dynamic industry and wished the company and its employees well for the future. The announcement was made in accordance with the requirements of the Securities Exchange Act of 1934.