NewzYnon Kreiz has signed a five-year employment contract to serve as Co-CEO of the newly merged Paramount-Warner Bros. Discovery, receiving a compensation package valued at more than $46.5 million. Kreiz, 61, will assume the role on October 5, just one day prior to the expected closing date of the merger, operating as David Ellison's right-hand executive.
The multimillion-dollar agreement represents a significant financial increase compared to Kreiz's previous compensation as the Chief Executive Officer of Mattel.
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