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Paramount Global has announced the departure of its CEO, Bob Bakish, effective immediately. This marks the end of an era for the media giant. Bakish, who has been at the helm since the merger of Viacom and CBS in 2019, played a crucial role in the company's recent successes and strategic direction.
The shakeup, rumblings of which were first reported last week, leaves a committee of three executives in charge of the company.
Paramount has confirmed that its president and CEO, Bob Bakish, has stepped down from his role, including from the board of directors.
The list of to-do items to reshape Paramount as its leadership considers two takeover deals without its CEO is long and complicated. Maybe it's time for a TV show.
The clothing retailer signed on for 338,085 square feet to relocate its headquarters to the 15-story Madison Avenue office tower.