Paramount Global Adds Dawn Ostroff to Board as Independent Director, Bob Bakish Pay Upped to $31.5 Million
thewrap.comParamount Global is shuffling its board of directors, including the addition of Dawn Ostroff, who will serve as an independent non-executive director, the company announced Friday.
The filing also noted that Bob Bakish would be making $31.5 million.Ostoroff’s seat is pending a stockholder vote that will take place at Paramount’s 2023 Annual Meeting of Stockholders later this year.
Bakish, who serves as Paramount Global’s president will be receiving a pay boost to $31.5 million as a result of $16 million stock awards grant.
His salary will remain $3.1 million.“We are thrilled to welcome Dawn to Paramount’s Board at such an exciting moment in our evolution,” Shari Redstone, Chair of Paramount’s Board of Directors said in a press release. “We believe her leadership, diverse expertise in content strategy and her long track record of driving transformation will prove invaluable as we seek to continue building on the success of Paramount’s global multiplatform strategy.”Prior to her into the Paramount Global-sphere, Ostroff had the role of Chief Content and Advertising Business Officer at Spotify, serving in the role from 2018 to 2023.
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