Paramount CEO Bob Bakish steps down as merger inches closer

/ Paramount will instead be led by a team of three executives.

By Emma Roth, a news writer who covers the streaming wars, consumer tech, crypto, social media, and much more. Previously, she was a writer and editor at MUO.

Illustration by Alex Castro / The Verge

Paramount has removed Bob Bakish as CEO — and it doesn’t have plans to fill the role. The company announced the news as part of its earnings results on Monday, which will leave Paramount reliant on a committee made up of three executives.

The new Office of the CEO consists of George Cheeks, the president and CEO of CBS; Chris McCarthy, the president

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