From Variety · Todd Spangler · · 50s
David Ellison Names Ynon Kreiz as Paramount-Warner Co-CEO
David Ellison appoints Mattel’s Ynon Kreiz as co-CEO of merged Paramount-Warner Bros.
In brief
David Ellison appoints Mattel’s Ynon Kreiz as co-CEO of merged Paramount-Warner Bros. David Ellison named Mattel’s Ynon Kreiz co-CEO of the merged Paramount-Warner Bros. company after the merger closes on Oct. 6. Originally reported by Variety.
New Paramount-Warner Leadership
David Ellison will lead strategy, creative and technology functions as Paramount’s chairman and CEO.
Ynon Kreiz Joins Paramount
Ynon Kreiz, stepping down as Mattel CEO after eight years, will join Paramount as co-CEO.
Merged Company Structure
The merged company will report jointly to both Ellison and Kreiz for day-to-day operations and integration.
Pay Package Details
Kreiz’s pay package as co-CEO will exceed $46.5 million, per Paramount’s announcement.
Merger Timeline
Paramount expects to close the merger with Warner Bros. Discovery on October sixth.
What it means
David Ellison named Mattel’s Ynon Kreiz co-CEO of the merged Paramount-Warner Bros. company after the merger closes on Oct. 6.
