PARAMOUNT ADDS DENNIS K. CINELLI TO ITS BOARD OF DIRECTORS
Rhea-AI Summary
Paramount Skydance (Nasdaq: PSKY) has appointed Dennis K. Cinelli as an independent director to its Board of Directors, effective immediately. Cinelli, who currently serves as CFO of Scale AI, expands the Board to 11 directors.
Cinelli brings significant experience from his previous role as VP of Global Strategic Finance at Uber, with expertise in disruptive technologies and strategic transactions. Chairman and CEO David Ellison highlighted Cinelli's unique combination of operational expertise, financial insight, and track record in driving cross-functional growth as key assets for advancing Paramount's strategic vision.
Positive
- Addition of experienced AI and finance executive to the board
- Expansion of board expertise in strategic transactions and disruptive technologies
- Strengthened oversight capabilities in high-growth environments
Negative
- None.
News Market Reaction 10 Alerts
On the day this news was published, PSKY declined 5.65%, reflecting a notable negative market reaction. Argus tracked a peak move of +3.0% during that session. Our momentum scanner triggered 10 alerts that day, indicating notable trading interest and price volatility. This price movement removed approximately $1.30B from the company's valuation, bringing the market cap to $21.75B at that time.
Data tracked by StockTitan Argus on the day of publication.
Cinelli currently serves as CFO at Scale AI
Cinelli currently serves as Chief Financial Officer of Scale AI, and previously held senior leadership roles at Uber, including VP of Global Strategic Finance. He brings a strong track record of driving execution in high-growth environments and possesses deep expertise in disruptive technologies. His extensive experience in strategic transactions and active engagement within the AI ecosystem make him a valuable resource in advancing Paramount's growth objectives. Cinelli's appointment further strengthens the capabilities of the current Board and reinforces its commitment to accelerating innovation and delivering long-term value for all stakeholders.
David Ellison, Chairman and CEO of Paramount said: "We're thrilled to welcome Dennis to our Board. He brings a unique blend of operational expertise and financial insight, shaped by his strong track record in driving cross-functional growth and embracing emerging technologies. His proven ability to pair fiscal discipline with a bold, forward-looking approach makes him an exceptional addition to our team as we continue to advance Paramount's strategic vision and long-term growth."
About Dennis K. Cinelli
Dennis K. Cinelli is currently Chief Financial Officer of Scale AI, where he has guided the company through a period of sevenfold revenue growth, including a
About Paramount, a Skydance Corporation
Paramount, a Skydance Corporation (Nasdaq: PSKY) is a leading, next‑generation global media and entertainment company, comprised of three business segments: Studios, Direct-to-Consumer, and TV Media. The Company's portfolio unites legendary brands, including Paramount Pictures, Paramount Television, CBS – America's most-watched broadcast network, CBS News, CBS Sports, Nickelodeon, MTV, BET, Comedy Central, Showtime, Paramount+, Pluto TV, and Skydance's Animation, Film, Television, Interactive/Games, and Sports divisions. For more information please visit www.paramount.com.
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SOURCE Paramount Skydance Corporation