Kreiz, leaving Mattel, to become co-CEO of Paramount and WBD — CNBC

Ynon Kreiz, who is leaving his position as CEO of Mattel, will become co-CEO of the expected combination of Paramount and Warner Bros. Discovery. Paramount CEO and Chairman David Ellison announced this on September 30, CNBC Top News reports.

Kreiz’s operational responsibilities

According to Paramount, Kreiz will be responsible for the operational management of the media company. His duties will include day-to-day management and the integration of the combined businesses.

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Ellison’s strategic direction

Ellison will focus on long-term strategy, creative vision, and the company’s overall direction. He will also oversee relationships with creative talent, strategic partnerships, technology, and capital allocation.

Thus, in the future combination, Ellison is expected to be responsible for strategic and creative areas, while Kreiz will handle day-to-day operations and business integration.