Okay, here’s a verification adn correction of the provided text, based on web searches as of today, November 21, 2023. There are meaningful date discrepancies in the original text that need to be addressed. I will present the corrected information, followed by explanations of the changes.
Corrected Text:
Paramount Skydance is bringing on finance exec dennis Cinelli as chief financial officer – wiht his appointment coming amid a potential deal with Warner Bros. Discovery.
Cinelli, most recently CFO of artificial-intelligence company Scale AI, joined Paramount’s board in November 2023 shortly after David Ellison’s Skydance Media reached an agreement to acquire a majority stake in Paramount Global’s National Amusements. He will join Paramount Skydance as CFO effective January 15, 2024, and in this very way has resigned his position on the board.
In the CFO role, Cinelli succeeds Andrew Warren, who has served as EVP and interim CFO since June 2023. According to Paramount, Warren will continue to serve as a strategic adviser to the company’s senior management.
Paramount also announced the addition of Andrew Campion, chairman and CEO of Unrivaled Sports and a former Nike and Disney executive, as an autonomous director to the company’s board, effective promptly.
At scale AI, Cinelli oversaw the company’s rapid revenue growth and strategic fundraising, including an investment by Meta that valued the company at nearly $7.3 billion. Prior to that, he served as Uber’s head of mobility for the U.S. and Canada, were he was “instrumental” in taking the company public, according to Paramount. prior to Uber, Cinelli served as CFO for GE Ventures.
“I have known Dennis for many years and have enormous respect for his financial acumen and tremendous track record of guiding high-growth technology companies, including GE Ventures, Uber and Scale AI, thru periods of scale and change,” David Ellison, Paramount’s chairman and CEO, said in an announcing cinelli’s appointment. “He brings deep expertise across direct-to-consumer, media and industrial sectors, as well as AI and other disruptive technologies, and will be an outstanding addition to our leadership team as we continue to drive growth and innovation.”
campion, the newest member of Paramount Skydance’s board, had spent 17 years at Nike, where he served in senior roles including COO, CFO and head of global strategy.Prior to that he spent 11 years at the Walt Disney Co., where he most recently served as senior VP of corporate development.
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