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Two Senior Paramount Home Entertainment Execs Are Latest To Depart; Amazon MGM Vet Andres Alvarez Takes Top Job As EVP
In the latest exec shuffle at Paramount Global, home entertainment chief Bob Buchi is exiting and will be replaced by Amazon MGM vet Andres Alvarez.
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. In his 18 years with the organization, Bob’s vast contributions have included numerous innovative strategies that demonstrated his expertise at adapting to a constantly evolving landscape. I also want to take a moment to let you know that Craig White will also be departing the company in his role as EVP, Worldwide Sales & Distribution for Home Entertainment, and we thank him for his many contributions and wish him the best.
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