Paramount Global CEO Robert Bakish Steps Down; Office of CEO Formed with Three Executives

Paramount Global

Robert Bakish resigns as President & CEO and from Board, effective April 30, 2024.
Board establishes Office of the CEO: George Cheeks (CBS), Chris McCarthy (Showtime/MTV), Brian Robbins (Paramount Pictures).
Chris McCarthy designated interim principal executive officer effective May 1, 2024.
Bakish to serve as Senior Advisor through Oct 31, 2024, then termination without cause with severance.
Bakish retains 2.5X severance multiple under CIC Plan if change in control within 6 months after separation.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change (interim)

Chris McCarthy

interim principal executive officer

Paramount Global

Effective: 2024-05-01
Filed: May 3, 2024, 7:59 PM ET

The Board designated Mr. McCarthy as interim principal executive officer, effective as of May 1, 2024, for purposes of the rules and regulations of the Securities Exchange Commission.

Departed

Robert M. Bakish

President and Chief Executive Officer

Paramount Global

Effective: 2024-04-30
Filed: May 3, 2024, 7:59 PM ET

Robert M. Bakish stepped down as Paramount Global's President and Chief Executive Officer and has resigned from the Board, in each case, effective as of the end of the day on April 30, 2024.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Chris McCarthy changed role as interim principal executive officer at Paramount Global.

Action: designated
Role: interim principal executive officer

Exact text from the filing

The Board designated Mr. McCarthy as interim principal executive officer, effective as of May 1, 2024, for purposes of the rules and regulations of the Securities Exchange Commission.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Robert M. Bakish departed as President and Chief Executive Officer at Paramount Global.

Action: stepped down
Role: President and Chief Executive Officer

Exact text from the filing

Robert M. Bakish stepped down as Paramount Global's President and Chief Executive Officer and has resigned from the Board, in each case, effective as of the end of the day on April 30, 2024.

View on SEC.gov

Source: SEC EDGAR

accession 0000813828-24-000023

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