Former Spotify, Conde Nast and CW government Daybreak Ostroff is about to hitch the board of administrators for Paramount Global in Might.
Ostroff is poised to hitch the board as an unbiased director at Paramount International’s annual assembly on Might 8. Incumbent board members Candace Beinecke and Ronald Nelson won’t stand for re-election at that assembly, which can convey the variety of board members to 11, together with Ostroff.
In the meantime, within the annual proxy assertion filed Friday with the Securities and Change Fee, Paramount disclosed that the 2022 compensation for CEO Bob Bakish climbed to $32 million final 12 months, from $20 million in 2021. Bakish’s haul final 12 months was inflated by $16 million in inventory awards. The money bonus portion of his compensation was $12.9 million, down from 2021’s $16.8 million. He additionally earned $3.1 million in common wage.
“We’re thrilled to welcome Daybreak to Paramount’s Board at such an thrilling second in our evolution,” stated Paramount International chair Shari Redstone. “We consider her management, various experience in content material technique and her lengthy observe file of driving transformation will show invaluable as we search to proceed constructing on the success of Paramount’s international multiplatform technique.”
Extra to come back
