Paramount Skydance appoints Mattel CEO Ynon Kreiz as co-CEO ahead of WBD merger
Filed with the SEC on · Summarized by InvestorsBot
Paramount Skydance appointed Ynon Kreiz, Mattel’s chairman and CEO, as co-CEO and a board member effective October 5, 2026; David Ellison will remain chairman and sole principal executive officer, overseeing strategy, creative and technology while Kreiz handles day-to-day operations and integration. The Paramount-Warner Bros. Discovery merger is expected to close October 6, subject to customary conditions, with WBD shareholders set to receive $31.01666668 per share if it closes on that date. Kreiz’s five-year employment agreement includes a base salary of at least $3.5 million before closing and $5 million afterward, target bonuses of $1.5 million and $4.9 million, respectively, plus specified equity awards.