Paramount Appoints Kristin Southey Executive Vice President, Investor Relations

Rhea-AI Summary

Paramount Global (NASDAQ: PARA, PARAA) has appointed Kristin Southey as the new Executive Vice President of Investor Relations, effective immediately. She succeeds Anthony DiClemente, who will facilitate a smooth transition until mid-April. Southey brings extensive experience, having previously held key roles in investor relations at companies such as Activision Blizzard and Snap, Inc.. In her new position, she will lead efforts to engage the global investment community and support the company's financial leadership. CFO Naveen Chopra praised her track record, underlining the importance of effective communication regarding Paramount's growth strategy.

Positive

• Appointment of Kristin Southey is expected to enhance investor relations with her extensive experience.
• Southey's previous roles include significant positions at Activision Blizzard and Snap, indicating strong industry insight.

Negative

• Transitioning leadership may pose continuity challenges during the adjustment period.

NEW YORK, March 27, 2023 /PRNewswire/ -- Paramount Global (NASDAQ: PARA, PARAA) today announced the appointment of Kristin Southey as Executive Vice President, Investor Relations, effective immediately. Reporting to Chief Financial Officer Naveen Chopra, she succeeds Anthony DiClemente who will remain with the Company through mid-April to ensure a smooth transition.

In her new role, Southey will lead the team responsible for cultivating relationships with the global investment community as well as act as a key member of Paramount's Finance Leadership Team.

"Kristin is a talented and well-respected IR leader who we are thrilled to welcome to Paramount," commented Chopra. "With a wealth of experience and track record of success, Kristin is ideally suited to communicate to the investor community how the Company's global, multiplatform strategy is positioned to create value at a time when our differentiated approach shows momentum across content and platforms."

Chopra added, "I want to extend my deepest thanks to Anthony for his many contributions to Paramount, including building a best-in-class IR function. His depth of knowledge and passion for our company have been essential in educating the financial community on Paramount's strategy and value proposition since the merger of Viacom and CBS."

Southey is a highly seasoned investor relations professional with significant experience in media and technology. She spent 15 years as the Head of Investor Relations and served as Treasurer at Activision Blizzard, and prior to that held various senior positions in Treasury, Financial Planning and Analysis, and Accounting at large cap companies including Philip Morris and AIG. Following Activision, Southey led Investor Relations at Athene Holding and helped facilitate the company's IPO, which was named "North America IPO of the Year" by Thomson Reuters' International Financing Review. Southey also served as Head of Investor Relations for Snap, Inc. developing their investor relations program post IPO, and currently serves as an independent director on the Board of THIRDHOME, a company in the luxury home exchange market.

PARA-IR

About Paramount

Paramount Global (NASDAQ: PARA, PARAA) is a leading global media, streaming and entertainment company that creates premium content and experiences for audiences worldwide. Driven by iconic consumer brands, Paramount's portfolio includes CBS, Showtime Networks, Paramount Pictures, Nickelodeon, MTV, Comedy Central, BET, Paramount+ and Pluto TV. Paramount holds one of the industry's most extensive libraries of TV and film titles. In addition to offering innovative streaming services and digital video products, the company provides powerful capabilities in production, distribution, and advertising solutions.

For more information about Paramount, please visit www.paramount.com and follow @ParamountCo on social platforms.

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SOURCE Paramount Global

FAQ

Who has been appointed as Executive Vice President of Investor Relations at Paramount Global?

Kristin Southey has been appointed as the Executive Vice President of Investor Relations at Paramount Global.

What experience does Kristin Southey bring to Paramount Global?

Kristin Southey has over 15 years of experience in investor relations, having held key roles at Activision Blizzard and Snap, Inc., among others.

What role will Kristin Southey have at Paramount Global?

Southey will lead the investor relations team and communicate the company's global strategy to the investment community.

When did Kristin Southey start her role at Paramount Global?

Kristin Southey's appointment as Executive Vice President of Investor Relations is effective immediately, as of March 27, 2023.

Who did Kristin Southey succeed at Paramount Global?

Kristin Southey succeeded Anthony DiClemente in the role of Executive Vice President of Investor Relations.

What did CFO Naveen Chopra say about Kristin Southey's appointment?

CFO Naveen Chopra expressed enthusiasm for Southey's appointment and emphasized her experience in communicating the company's strategic value to investors.