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Todd Spangler
NY Digital Editor
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Getty Images Ynon Kreiz, who is stepping down as CEO of Mattel after eight years, will join David Ellison’s Paramount — which is expected to close its mega-merger with Warner Bros. Discovery on Oct. 6 — as co-CEO of the new company, Paramount announced.
As chairman and CEO, Ellison will lead all strategy, creative and technology functions. Kreiz, as co-CEO, will oversee the company’s day-to-day operations and integration of the combined businesses. It’s a “pairing that joins complementary skillsets to amplify results,” Paramount said in announcing the appointment Wednesday. The businesses of the combined company (whose name has not yet been announced) will report jointly to both Ellison and Kreiz.
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