Paramount has appointed Ynon Kreiz, former Mattel CEO, as co-CEO alongside David Ellison. The move comes as the company prepares to close its $110 billion merger with Warner Bros. Discovery.
Kreiz will assume responsibility for day-to-day operations at the merged entity, while Ellison retains focus on long-term strategy, creative vision and direction.
Ellison's portfolio includes talent relationships, strategic partnerships, technology decisions and capital allocation. Kreiz brings experience from his tenure at Mattel, where he served as chairman and CEO.
The appointment signals Paramount's structural approach to managing the massive combined company following the merger announcement. The division of duties separates strategic leadership from operational management.
The $110 billion Paramount-Warner Bros. Discovery merger represents one of media's largest consolidations, bringing together major studios, streaming services and content libraries. The deal is expected to close in the coming months, pending final regulatory approval and shareholder votes.
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