Paramount Appoints Scale AI CFO to Its Board

Paramount Skydance AI Strategy Accelerates with New Tech Finance Expert.Paramount Skydance has appointed a new board member. The company named Scale AI CFO Dennis K. Cinelli to its board of directors. His appointment is effective immediately.This move expands the board to 11 total directors. It signals a stronger focus on technology and financial innovation for the media giant.

New Board Composition Signals Strategic Shift

Cinelli will serve as an independent director on the board. He joins other recent appointees like Oracle CEO Safra Catz.David Ellison is the new chair and CEO. Former Paramount Pictures head Sherry Lansing and RedBird Capital’s Gerry Cardinale also joined.Barbara Byrne from Barclays is the lone holdover from the previous board. According to Reuters, such a significant board overhaul is common after major mergers.The new structure blends media veterans with tech industry leaders. This combination aims to drive future growth.

AI and Tech Expertise Central to Growth Plan

The company specifically cited Cinelli’s AI background as a key asset. Paramount Skydance called him “a valuable resource in advancing Paramount’s growth objective.”CEO David Ellison has consistently emphasized technology. He wants the company to better compete with giants like Netflix and YouTube.This strategy is already visible in recent hires. The company brought on former Facebook vice president Dane Glasgow as its new chief product officer.Cinelli’s experience spans high-profile tech roles. Before Scale AI, he held executive positions at Uber and was CFO for GE Ventures.Ellison praised Cinelli’s unique blend of skills. He highlighted his “operational expertise and financial insight” for driving long-term growth.

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The appointment of Dennis K. Cinelli solidifies Paramount Skydance’s commitment to a tech-driven future. This strategic move directly supports the new Paramount Skydance AI strategy for competing in the modern media landscape.

Info at your fingertips

Who is Dennis K. Cinelli?

Dennis K. Cinelli is the chief financial officer of Scale AI. He previously held executive roles at Uber and GE Ventures.

Why was he appointed to the board?

He was appointed for his expertise in finance and artificial intelligence. Paramount Skydance believes he will help advance the company’s growth objectives.

How many people are on the board now?

The board now has 11 directors. This includes new appointees and one member from the previous board.

What is Paramount Skydance’s strategy?

The strategy involves integrating more technology and innovation. The goal is to compete effectively with other streaming platforms.

Have there been other recent executive changes?

Yes. The company recently hired Dane Glasgow from Facebook as its chief product officer. This further emphasizes the tech focus.