Paramount Taps Mattel CEO Ynon Kreiz, Offering Multi-Million Dollar Package

Ynon Kreiz, the former CEO of Mattel, has been appointed Co-CEO of the soon-to-merge Paramount and Warner Bros. Discovery. His new role comes with a substantial compensation package, with his annual pay projected to reach at least $35.1 million by 2027, according to an SEC filing by Paramount.

Kreiz's five-year contract with Paramount begins on October 5th, just prior to the expected closure of the $111 billion merger between Paramount and Warner Bros. Discovery. This move signifies a significant shift in leadership for the combined entity, with Kreiz set to play a pivotal role alongside David Ellison.