Julia Phelps, Paramount Global's chief communications and corporate marketing officer, will leave her role at the end of May.
During his 20 years at the media conglomerate, Mr. Phelps was a strategic and collaborative executive who oversaw the company's marketing communications group through the Viacom-CBS merger. The launch of Paramount+, the rebranding of Paramount Global, and the continued transformation of the company.
Mr. Phelps will work with Paramount's divisions and corporate units on the company's Spark employee town hall efforts, the global expansion of BET's Content for Change campaign, and continued community engagement and ESG efforts. has been developed. She also helped establish the company's overall marketing and public relations functions.
“Paramount lives up to its name in every way: unparalleled storytelling, iconic brands, unforgettable pop culture moments, and above all, a place of passion that everyone dreams of working with. intelligent and fun people,” she wrote. In an internal memo to staff. “I’ve been fortunate to work with some of the best people around the world. Telling our stories, spotlighting our creativity, driving business transformation during a time of unprecedented change, and supporting our I am very proud of the work we have done together to build this culture.”
Mr. Phelps' previous positions within the company include executive vice president of culture and marketing for Viacom, executive vice president of communications for the company's international media networks, and vice president of corporate communications. She joined Viacom in 2005 from her New York-based communications agency, DeVries Public Relations.
Phelps is the latest executive departure at Paramount, following the resignation of former CEO Bob Bakish.
Bakish will be succeeded by Brian Robbins, CEO and president of Paramount Pictures and Nickelodeon, George Cheeks, CEO and president of CBS, Showtime/MTV Entertainment Studios and Paramount Media Networks. A CEO office has been set up, consisting of Chris McCarthy, CEO of Sus. Develop a long-term strategic plan for your company.
For the time being, the Marketing Communications department will report to Mr. Robbins until the group structure is finalized.
Phelps and Bakish's departure comes as Paramount's controlling shareholder, Shari Redstone, has begun talks about a potential sale after letting its exclusivity with Skydance Media expire without an agreement being reached. This was in response to the
The independent special committee evaluating the bid will continue to consider a two-step deal proposed by Skydance founder David Ellison that would give the company Redstone, which owns 77% of Paramount's voting shares.・Management rights will be acquired through National Amusement and both studios will be merged.
In addition to Skydance, Sony Pictures Entertainment and Apollo Global Management recently announced a $26 billion joint venture, with the former acquiring a majority stake and operating control and the latter acquiring a minority stake. I made a proposal. However, CNBC recently reported that Sony is currently reconsidering its plan to acquire all of Paramount's shares.
Paramount's stock price, which has a market capitalization of $8.37 billion, has fallen 23.4% over the past year, 16.5% year-to-date, and 13.7% over the past six months. Phelps' departure was first reported by The Hollywood Reporter.
