NEW YORK — Skydance Media has offered its full slate of director designees for what will officially be called Paramount Skydance Corporation.
The directors will be elected and begin serving on the Paramount Board effective at the closing of the proposed merger with Paramount Global, expected to occur by Thursday evening.
The Paramount Board will consist of 10 directors, including three independent directors.
“The new Board comprises a preeminent group of leaders from across the media, technology, and finance sectors, bringing unmatched expertise and invaluable perspective on the complex intersection of geopolitics, economics, and global business strategy to help build Paramount into a next generation media company,” Skydance Media said on Tuesday.
The majority of the board is comprised of the largest shareholders of the company.
Director-designees are as follows:
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David Ellison, Future Chairman and Chief Executive Officer, Paramount
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Barbara Byrne, Former Vice Chairman of Barclays PLC (Independent Director)
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Gerry Cardinale, Founder, Managing Partner, and Chief Investment Officer, RedBird Capital Partners
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Safra A. Catz, CEO, Oracle Corporation
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Andy Gordon, Future Chief Strategy Officer and Chief Operating Officer, Paramount
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Justin G. Hamill, Managing Director and Chief Legal Officer, Silver Lake (Independent Director)
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Sherry Lansing, Former Chairman and CEO of Paramount Pictures (Independent Director)
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Paul Marinelli, President, Lawrence Investments, LLC
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Jeff Shell, Future President, Paramount
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John L. Thornton, Chairman of RedBird Capital Partners
The current Paramount Global directors will step down upon the close of the combination.
David Ellison, the future Chairman and CEO of Paramount, commented, “We are thrilled and honored to welcome this truly outstanding group of director-designees to our Board. They are dynamic leaders whose impact spans industries and whose reputations resonate across the business world globally. The legacy of Paramount is one of our greatest strategic assets and it is our strong desire and fiduciary duty to honor that history while positioning the business for sustained value creation. These highly qualified, world-class executives share in our commitment and will play a critical role in guiding the future direction of our combined company, and we are deeply grateful for their willingness to serve.”
