Skydance Corp., the new company formed from David Ellison’s massive Paramount-Warner Bros. Discovery merger, has established the leadership team overseeing financial operations across the business.
\n\nEllison and Ynon Kreiz, co-CEO of Skydance, previously announced the senior leadership team for the new company (a day before the deal officially closed). Since then, different business units and corporate groups have been laying out the new executive teams for the combined Paramount-WBD, which will have annual revenue of nearly $70 billion on a pro-forma basis and net debt of around $80 billion.
\n\nOn Wednesday morning, Skydance CFO Dennis Cinelli (formerly Paramount Skydance’s finance chief) sent a memo to staffers announcing the leadership team for the finance group — which will be intimately involved in trying to help the company achieve its projected $6 billion in annualized cost savings, an exercise set to include what are expected to be several rounds of layoffs.
\n\n“Today we’re announcing the leadership team for Skydance Finance. Each of these leaders brings the experience and judgment to help us build something exceptional, and I’m excited to work alongside them and to share where I think we can take this team from here,” Cinelli wrote in the memo, a copy…
Original source: https://variety.com/