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Paramount Global General Counsel Christa D'Alimonte To Exit At End Of June
PGREParamount (PGRE) Deadline·2024-06-19 01:15

Group 1 - Paramount Global's General Counsel Christa D'Alimonte will exit the company at the end of the month after a 25-year association with Viacom and nearly 12 years as an employee [4][8] - The company plans to implement 500millionincostsavingsandstreamlinestaff,asindicatedbytheOfficeoftheCEOmembersGeorgeCheeks,ChrisMcCarthy,andBrianRobbins[2]−CarynGroce,a14−yearveteranandD′Alimonte′sdeputy,willtakeoverherdutiesasactingGeneralCounsel,ensuringaseamlesstransition[7]Group2−ParamountGlobalhasbeeninthenewsrecently,particularlyafteritscontrollingshareholder,ShariRedstone,terminatedmergertalkswithSkydanceMediajustbeforeadealwasfinalized[5]−D′Alimontehighlightedtheimportanceofthelegaldepartmentinthecompany′soperations,statingthattheirworkiscrucialtovariousaspectsofthebusiness,includingcontentdevelopmentandemployeesafety[8]−In2023,D′Alimontewasthethird−highest−paidmemberofthemanagementteam,earningnearly500 million in cost savings and streamline staff, as indicated by the Office of the CEO members George Cheeks, Chris McCarthy, and Brian Robbins [2] - Caryn Groce, a 14-year veteran and D'Alimonte's deputy, will take over her duties as acting General Counsel, ensuring a seamless transition [7] Group 2 - Paramount Global has been in the news recently, particularly after its controlling shareholder, Shari Redstone, terminated merger talks with Skydance Media just before a deal was finalized [5] - D'Alimonte highlighted the importance of the legal department in the company's operations, stating that their work is crucial to various aspects of the business, including content development and employee safety [8] - In 2023, D'Alimonte was the third-highest-paid member of the management team, earning nearly 5.8 million from her base pay, stock award, and bonus [7]