David Ellison‘s Skydance Media today unveiled the full slate of director designees for the new Paramount Skydance. They will be elected and begin serving on the Paramount board effective at the closing of the proposed merger Thursday.
The board will consist of 10 members with Sherry Lansing, former chairman and CEO of Paramount Pictures, one of three independent directors with Barbara Byrne, former vice chair of Barclays who currently sits on the Par board, and Justin G. Hamill, Managing Director and Chief Legal Officer, Silver Lake. Oracle CEO Safra Catz will join the board as well with Ellison, RedBird Capital’s founder and managing partner Gerry Cardinale and its chairman John Thornton, incoming president Jeff Shell, and future chief strategy and chief operating officer Andy Gordon.
“The new Board comprises a preeminent group of leaders from across the media, technology, and finance sectors, bringing unmatched expertise and invaluable perspective on the complex intersection of geopolitics, economics, and global business strategy to help build Paramount into a next generation media company,” the announcement read. The majority of the board is comprised of the largest shareholders of the company “further underscoring the deep commitment to building long-term value for all stakeholders.”
Ellison and backer RedBird Capital announced a planned merger with Shari Redstone-controlled Paramount in July of 2024. It was approved by the FCC last month after a long wait and a lot of noise. The new company announced is post-merger executive roster Monday amid a flurry of reports of departing Paramount Global execs from co-CEOs Chris McCarthy and Brian Robbins to streaming chief Tom Ryan.
Director-designees:
David Ellison, Future Chairman and Chief Executive Officer, Paramount
Barbara Byrne, Former Vice Chairman of Barclays PLC (Independent Director)
Gerry Cardinale, Founder, Managing Partner, and Chief Investment Officer, RedBird Capital Partners
Safra A. Catz, CEO, Oracle Corporation
Andy Gordon, Future Chief Strategy Officer and Chief Operating Officer, Paramount
Justin G. Hamill, Managing Director and Chief Legal Officer, Silver Lake (Independent Director)
Sherry Lansing, Former Chairman and CEO of Paramount Pictures (Independent Director)
Paul Marinelli, President, Lawrence Investments, LLC
Jeff Shell, Future President, Paramount
John L. Thornton, Chairman of RedBird Capital Partners
The current Paramount Global directors will step down upon the close of the combination.
“We are thrilled and honored to welcome this truly outstanding group of director-designees to our Board. They are dynamic leaders whose impact spans industries and whose reputations resonate across the business world globally,” said Ellison. “The legacy of Paramount is one of our greatest strategic assets and it is our strong desire and fiduciary duty to honor that history while positioning the business for sustained value creation. These highly qualified, world-class executives share in our commitment and will play a critical role in guiding the future direction of our combined company, and we are deeply grateful for their willingness to serve.”
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