Paramount Global's Julia Phelps to Depart After Two Decades

Phelps exits following the recent CEO change and amid ongoing strategic shifts at the media giant.

Overview

Julia Phelps, EVP and chief communications and corporate marketing officer, leaves at the end of May.
She played a key role in the Viacom-CBS merger, launch of Paramount+, and rebrand to Paramount Global.
Phelps' departure follows the exit of former CEO Bob Bakish, now replaced by a three-exec committee.
The marketing and communications team will temporarily report to Brian Robbins, CEO of Paramount Pictures and Nickelodeon.
Paramount Global is exploring potential sale options, including bids from Skydance Media and Sony-Apollo.