Paramount Global CEO steps down ahead of possible merger

April 30, 2024 8:39

Paramount has confirmed that its president and CEO, Bob Bakish, has stepped down from his role, including from the board of directors.

Paramount Global announced the move in a statement on Monday, announcing that Bakish would be replaced by “an Office of the CEO”, made up of three senior company executives: George Cheeks, President and CEO of CBS; Chris McCarthy, President and CEO, Showtime/MTV Entertainment Studios and Paramount Media Networks; and Brian Robbins, President and CEO of Paramount Pictures and Nickelodeon.

Bakish first joined Viacom in 1997 and held a number of senior positions, before taking over the Viacom CEO role in 2016 and eventually the combined company in 2019.

Paramount’s chair of the board, Shari Redstone said: “The Board and I thank Bob for his many contributions over his long career, including in the formation of the combined company as well as his successful efforts to rebuild the great culture Paramount has long been known for. We wish him all the best.”

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Neil Griffiths

Neil Griffiths is the Managing Editor of Mumbrella. He joined the company in October 2023.