Paramount Unlikely To Replace Jeff Shell, Insiders Say; Deep Bench To Step Up As WBD Deal Close Approaches

Jeff Shell is unlikely to be directly replaced as president of Paramount, according to multiple insiders and company contacts. This suggests Paramount may spread his responsibilities or use interim arrangements rather than name a single successor, a governance development unlikely to move the stock materially (likely <1% impact) in the near term.

Analysis

Jeff Shell is unlikely to be directly replaced as president of Paramount, according to multiple insiders and company contacts. This suggests Paramount may spread his responsibilities or use interim arrangements rather than name a single successor, a governance development unlikely to move the stock materially (likely <1% impact) in the near term.