Paramount Skydance has hired former Boston Consulting Group partner Jeff Silberman as its new SVP of Corporate Strategy, a key move in building out the leadership team that will execute the company's massive post-merger overhaul, as reported by Variety.
Consultants in the house: Silberman, who spent over eight years as a partner in BCG’s media and entertainment practice, will report to Tony Driscoll, the EVP and Head of Corporate Strategy & Development. Driscoll himself is a seasoned strategist with executive experience at Epic Games, WarnerMedia, and Disney, signaling the new Paramount is assembling a team of experienced operators to reshape the business.
Executing the vision: Silberman joins as new CEO David Ellison begins a sweeping overhaul of the legacy studio. That plan involves reorganizing the company into three divisions and finding over $2 billion in cost savings—a process that includes deep layoffs, with as many as 3,000 jobs expected to be cut by early November.
The hiring of a strategy expert like Silberman underscores that Ellison's transformation plan won't be a high-level vision alone; it will be a data-driven, and likely ruthless, execution of a new playbook for the 100-year-old company. And to mark the official transition, the newly merged company will begin trading on the Nasdaq under the new ticker symbol: PSKY.
