Paramount Global announced significant leadership changes in a recent Form 8-K filing with the SEC. Effective April 29, 2024, the company established an Office of the CEO, comprising three senior executives: George Cheeks, Chris McCarthy, and Brian Robbins. Chris McCarthy has been appointed as the interim principal executive officer starting May 1, 2024. Robert M. Bakish, the outgoing President and CEO, will step down from his role and the Board on April 30, 2024, transitioning to a Senior Advisor role until October 31, 2024, to ensure a smooth handover of responsibilities. The company has entered into a Transition Agreement with Bakish, under which he will continue to receive his base salary until the end of his advisory period, followed by post-employment benefits associated with an involuntary termination without cause.

Paramount Global announced significant leadership changes in a recent Form 8-K filing with the SEC. Effective April 29, 2024, the company established an Office of the CEO, comprising three senior executives: George Cheeks, Chris McCarthy, and Brian Robbins. Chris McCarthy has been appointed as the interim principal executive officer starting May 1, 2024. Robert M. Bakish, the outgoing President and CEO, will step down from his role and the Board on April 30, 2024, transitioning to a Senior Advisor role until October 31, 2024, to ensure a smooth handover of responsibilities. The company has entered into a Transition Agreement with Bakish, under which he will continue to receive his base salary until the end of his advisory period, followed by post-employment benefits associated with an involuntary termination without cause.