Two Senior Paramount Home Entertainment Execs Are Latest To Depart; Amazon MGM Vet Andres Alvarez Takes Top Job As EVP
deadline.comIn the latest executive shuffle at Paramount Global, home entertainment chief Bob Buchi is exiting and will be replaced by Amazon MGM digital distribution exec Andres Alvarez.
Craig White, EVP, Worldwide Sales & Distribution for Home Entertainment, is also departing the company. Chief Content Licensing Officer Dan Cohen relayed the leadership news to employees in a memo.
The changes come as Paramount is embarking on a strategy to streamline and reduce costs. George Cheeks, Chris McCarthy and Brian Robbins, the executive members of the newly formed Office of the CEO, have set a preliminary target of $500 million a year in annual cost savings.
Earlier this week, General Counsel Christa D’Alimonte, the third-highest-paid exec at the company, said she would exit at the end of June.
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