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Lead DevelopmentFACT · 4/5•1 Oct '26•Via Manager Magazin

Paramount Appoints Mattel CEO as Co-CEO Ahead of Warner Acquisition

Paramount Global has appointed Ynon Kreiz, CEO of Mattel, as co-CEO alongside current CEO David Ellison, effective October 5, 2026. This appointment comes just before the completion of Paramount's acquisition of Warner Bros. Discovery, expected to close on October 6, 2026. Kreiz will oversee day-to-day operations and the integration of the two studios, while Ellison will focus on strategy, creative direction, and technology. The merger, valued at over $110 billion, is expected to result in thousands of job cuts, with projected annual synergies of $6 billion within three years. Kreiz previously led a turnaround at Mattel, including job reductions, and is known for orchestrating the successful 'Barbie' movie. The deal faced legal challenges from several states, which were resolved after Paramount committed to increased U.S. production spending and retaining both Los Angeles studio lots. The merger has also raised concerns about CNN's editorial independence given the Ellison family's political ties.

•Ynon Kreiz, CEO of Mattel, will become co-CEO of Paramount on October 5, 2026, alongside David Ellison.
•The Paramount-Warner Bros. Discovery merger is expected to close on October 6, 2026, with a deal value exceeding $110 billion.
•Paramount expects annual synergies of $6 billion within three years from the merger.

Entities:Paramount Mattel Warner Bros. Discovery Oracle CNN

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FACT · 4/521 Jul '26· Via CNBC Technology

OpenAI Adds Two Financial Executives to Boards

OpenAI appointed financial executives David Vélez and Robin Vince to its nonprofit and for‑profit boards as the company prepares for a potential IPO. Vélez, CEO of Nubank, and Vince, described as CEO of the financial services company BNY, will join existing board members including Bret Taylor and Sam Altman. The moves follow OpenAI's October recapitalization that created the OpenAI Foundation (the nonprofit) with a controlling stake in the OpenAI Group PBC (the for‑profit). OpenAI is valued at more than $850 billion and confidentially filed its IPO prospectus in June; the nonprofit's equity was previously valued at about $130 billion.

•OpenAI appointed David Vélez and Robin Vince to its nonprofit and for‑profit boards of directors.
•David Vélez is described as CEO of Nubank, the largest digital bank in Latin America.
•Robin Vince is described as CEO of the financial services company BNY.

OpenAI Nubank Salesforce Quora Sony

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