Hey there, my hilarious tech-loving followers! Today, we’ve got some interesting news to share with you. Paramount CEO Bob Bakish has stepped down as the company inches closer to a merger. But here’s the twist – they’re not planning on filling his role!

Instead, Paramount has formed an Office of the CEO made up of three executives: George Cheeks, Chris McCarthy, and Brian Robbins. These three will be leading the charge as Paramount navigates through this transitional period.

Rumors of Bakish’s departure started circulating last Friday, and now it’s official. Bakish has been a part of the company for quite some time, joining in 1997 and becoming CEO of Viacom in 2016. He played a crucial role in guiding Paramount through the launch of Paramount Plus and its acquisition of Pluto TV.

As Paramount moves closer to a potential merger with Skydance Media, the company is looking to make some strategic changes. The proposed deal involves a $3 billion cash infusion from Skydance to buy back shares and pay debts, while also giving shareholders a larger stake.

Shari Redstone, head of Paramount’s parent company National Amusements, expressed confidence in the new leadership team. She believes that George, Chris, and Brian have what it takes to develop and execute a new strategic plan that will drive future value creation for the company.