Paramount Announces CFO Transition

Rhea-AI Summary

Paramount Global (NASDAQ: PARA) announced a CFO transition as Naveen Chopra, EVP and CFO, departs for other opportunities. Andrew Warren, currently Strategic Advisor to the Office of the CEO, will take over as EVP and Interim CFO. Warren brings significant experience from his previous roles as CFO at Discovery Communications, STX Entertainment, and NBCU Television Group. In his current advisory role at Paramount, Warren has been closely involved with senior leadership on key financial and strategic initiatives. The transition comes during what the company describes as a period of transformation and growth.

Positive

• Andrew Warren brings extensive media industry CFO experience from Discovery Communications, STX Entertainment, and NBCU
• Warren is already familiar with Paramount's business through his current Strategic Advisor role
• Smooth transition expected due to Warren's existing involvement with key financial and strategic priorities

Negative

• Unexpected departure of CFO Naveen Chopra signals potential internal challenges
• Interim nature of the CFO appointment creates uncertainty about long-term financial leadership
• Timing of CFO transition during transformation period could impact strategic initiatives

News Market Reaction

+1.42%

1 alert

+1.42% News Effect

On the day this news was published, PARA gained 1.42%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

NEW YORK, June 9, 2025 /PRNewswire/ -- Paramount Global (NASDAQ: PARA, PARAA), today announced that Naveen Chopra, Executive Vice President and Chief Financial Officer, is departing to pursue other opportunities. Andrew Warren, currently Strategic Advisor to the Office of the CEO and former Chief Financial Officer of Discovery Communications, will assume the additional role of Executive Vice President, Interim Chief Financial Officer.

"We thank Naveen for his leadership role during a dynamic period of transformation and growth," said George Cheeks, Chris McCarthy and Brian Robbins, Co-CEOs, Paramount. "We are excited to partner with Andy, who has been our strategic advisor, in his new, expanded role as interim CFO and we are confident that his deep financial expertise and familiarity with our business make him exceptionally well-suited to step into this position."

Andrew Warren brings extensive financial leadership experience to the role, having previously served as CFO at Discovery Communications, where he was instrumental in driving strategic initiatives and growing the global business footprint. He also served as CFO of STX Entertainment and the NBCU Television Group. In his current role as Strategic Advisor to the Office of the CEO at Paramount, he has worked closely with senior leadership on key financial and strategic priorities.

About Paramount

Paramount Global (NASDAQ: PARA, PARAA) is a leading global media, streaming and entertainment company that creates premium content and experiences for audiences worldwide. Driven by iconic consumer brands, Paramount's portfolio includes CBS, Paramount Pictures, Nickelodeon, MTV, Comedy Central, BET, Paramount+ and Pluto TV. Paramount holds one of the industry's most extensive libraries of TV and film titles. In addition to offering innovative streaming services and digital video products, the company provides powerful capabilities in production, distribution, and advertising solutions.

For more information about Paramount, please visit www.paramount.com and follow @ParamountCo on social platforms.

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SOURCE Paramount Global

FAQ

Who is the new interim CFO of Paramount (PARA)?

Andrew Warren, who was serving as Strategic Advisor to the Office of the CEO, has been appointed as Executive Vice President and Interim Chief Financial Officer of Paramount.

Why is Naveen Chopra leaving Paramount (PARA)?

According to the announcement, Naveen Chopra is departing Paramount to pursue other opportunities.

What is Andrew Warren's background before joining Paramount (PARA)?

Warren previously served as CFO at Discovery Communications, STX Entertainment, and the NBCU Television Group, bringing extensive financial leadership experience in media.

When was the Paramount (PARA) CFO transition announced?

Paramount announced the CFO transition on June 9, 2025.

Who are the current Co-CEOs of Paramount (PARA)?

The Co-CEOs of Paramount are George Cheeks, Chris McCarthy, and Brian Robbins.