Paramount Appoints Dennis Cinelli as CFO Amidst Warner Bros. Takeover Battle

• Paramount has named board member Dennis Cinelli as its new Chief Financial Officer.
• Cinelli, with prior finance roles at Uber Technologies and Scale AI, will step down from Paramount's board.
• He replaces Andrew Warren, who served as interim CFO and will now be a strategic adviser.
• The appointment comes as Paramount intensifies its high-stakes takeover bid for Warner Bros. Discovery, facing competition from Netflix.
• Paramount has launched a proxy fight to nominate its own directors to Warner Bros.' board after its $30-per-share bid was rejected.

Why It Matters: Paramount appoints Dennis Cinelli as CFO, signaling a strategic move in its aggressive Warner Bros. takeover bid.