Tuesday, 10 June 2025

Paramount Global/Skydance merger - Deadline: Paramount Global CFO Naveen Chopra Is Departing

Story from Deadline:

Paramount Global said Monday that its chief financial officer Naveen Chopra is departing “to pursue other opportunities” as the company still awaits FCC approval for the merger with Skydance it announced almost a year ago.

Andrew Warren, currently strategic advisor to the Office of the CEO, will assume the additional role of EVP, Interim Chief Financial Officer. Warren is the former CFO of Discovery Communications, the NBCUniversal Television Group and STX Entertainment.

“We thank Naveen for his leadership role during a dynamic period of transformation and growth,” said Paramount’s co-CEOs George Cheeks, Chris McCarthy and Brian Robbins in a press release today.

“We are excited to partner with Andy, who has been our strategic advisor, in his new, expanded role as interim CFO and we are confident that his deep financial expertise and familiarity with our business make him exceptionally well-suited to step into this position.”

At Discovery, Warren was instrumental in driving strategic initiatives and growing the global business footprint, the announcement said. In his current role as strategic advisor to the Office of the CEO at Paramount, he has worked closely with senior leadership on key financial and strategic priorities.

Cheeks, McCarthy and Robbins have been running the company since former CEO Bob Bakish was pushed out as Paramount Global‘s controlling shareholder Shari Redstone attempted to clinch a sale. It’s an unusual arrangement meant to be temporary as the company ultimately passed to David Ellison’s Skydance Media. But the Trump administration and commissioner he promoted to lead the FCC, Brendan Carr hasn’t signaled anything happening any time soon.

Donald Trump has sued CBS and 60 Minutes for $20 billion over how the newsmagazine edited an interview with Kamala Harris and that suit has caused the network, company and Redstone no end of grief as settling what many consider a specious lawsuit is complicated, but not settling it is is too with the deal under review by commission.

Redstone also recently revealed she is being treated for thyroid cancer.

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