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Published 17 days ago

Paramount says CEO Bob Bakish is stepping down

  • Paramount Global CEO Bob Bakish is stepping down, leading to the creation of an Office of the CEO filled by three executives, as the company considers a potential merger or sale.
  • CBS CEO George Cheeks, Paramount Pictures CEO Brian Robbins, and Showtime/MTV CEO Chris McCarthy will lead Paramount in the new Office of the CEO following Bakish's departure.
  • The new Office of the CEO aims to accelerate growth, develop popular content, streamline operations, strengthen the balance sheet, and optimize the streaming strategy, according to a company statement.
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