Paramount Appoints Kristin Southey Executive Vice President, Investor Relations

Rhea-AI Summary

Paramount Global (NASDAQ: PARA, PARAA) announced the appointment of Kristin Southey as Executive Vice President of Investor Relations, effective immediately. She succeeds Anthony DiClemente, who will assist during the transition until mid-April. Southey brings extensive experience from roles at Activision Blizzard, Athene Holding, and Snap, Inc., aiming to enhance communication with the investment community. CFO Naveen Chopra expressed confidence in Southey’s ability to convey Paramount's multiplatform strategy. DiClemente has significantly contributed to the company’s investor relations since the CBS-Viacom merger.

Positive

• Appointment of Kristin Southey expected to strengthen investor relations.
• Southey's extensive experience in media and technology could enhance communication with investors.
• Her previous success at Activision Blizzard indicates a strong potential to convey company value.

Negative

• Leadership transition may create initial disruptions in investor relations.
• Potential concerns regarding continuity as a new leader takes charge.

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 is Kristin Southey and what role has she been appointed to at Paramount?

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

What experience does Kristin Southey bring to her new role?

Southey has extensive experience in investor relations from her previous roles at Activision Blizzard, Athene Holding, and Snap, Inc.

What was Anthony DiClemente's role prior to the transition?

Anthony DiClemente served as the Executive Vice President of Investor Relations and is transitioning out while assisting through mid-April.

What is the significance of this management change for Paramount's investor relations?

The change aims to enhance communication with investors and maintain momentum in conveying the company’s multiplatform strategy.

When did the appointment of Kristin Southey become effective?

The appointment of Kristin Southey became effective immediately on March 27, 2023.