Paramount Global announced that Bob Bakish is stepping down as CEO of the film, television and multimedia company. Bakish will be replaced by a troika of executives who will form a new “Office of the CEO.
FILE - Paramount CEO Bob Bakish speaks as he attends an interview during the Barron’s Roundtable at the Fox Business Network, Aug. 5, 2022, in New York. Paramount Global on Monday, April 29, 2024, announced that Bakish is stepping down as CEO of the film, television and multimedia company. NEW YORK — Paramount Global on Monday announced that Bob Bakish is stepping down as CEO of the film, television and multimedia company.
The company said Cheeks, McCarthy and Robbins will work closely with Chief Financial Officer Naveen Chopra and the board of directors. Among the issues the new CEO trio must face are a reported $11 billion offer from private-equity firm Apollo Global to acquire the studio, which produces films and television programs and runs the streaming service Paramount+.
CEO troikas, however, are far rarer, and their organizational issues can be much more complex. For instance, instead of being forced to compromise the way co-CEOs often are, two members of a troika can just outvote a third.
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