"An experienced Paramount staffer briefed on the change described it as "more strategic than financial," saying that consolidating Simon's position into Phillips' was done to "remove duplication." A second employee characterized the move as being done to "streamline processes" and make "Paramount easier to work with." A third Paramount insider familiar with the company's thinking said there were a few "targeted changes" on the personnel front in Paramount Advertising, "focused on reducing complexity.""
"The two Paramount staffers said the news was shared during a mid-afternoon meeting on Wednesday, led by Jay Askinasi, Paramount's chief revenue officer, who joined the company in November. Karen Phillips, a 29-year company veteran whose title is also EVP of agency partnerships for Paramount Advertising, will oversee that team after Simon's departure, Askinasi told employees. An experienced Paramount staffer briefed on the change described it as "more strategic than financial," saying that consolidating Simon's position into Phillips' was done to "remove duplication.""
Chris Simon is stepping down as EVP of agency partnerships after 31 years with the company, having started at CBS in the mid-'90s and previously worked at USA Networks. Jay Askinasi, Paramount's chief revenue officer, announced the change during a mid-afternoon meeting. Karen Phillips, a 29-year company veteran and fellow EVP of agency partnerships, will oversee the agency partnerships team. Executives described the consolidation as strategic, intended to remove duplication, streamline processes, and reduce complexity to make Paramount easier to work with. Simon will remain for an unspecified period to ease the transition. A Paramount spokesperson declined to comment. Since August, CEO David Ellison has pursued a tech-forward vision, including landing U.S. live UFC rights.
Read at Business Insider
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