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Paramount has removed Bob Bakish as CEO \u2014 and it doesn\u2019t have plans to fill the role. The company announced<\/a> the news as part of its earnings results on Monday<\/a>, which will leave Paramount reliant on a committee made up of three executives.<\/p>\n<\/div>\n The new Office of the CEO consists of George Cheeks, the president and CEO of CBS; Chris McCarthy, the president and CEO of Showtime, MTV Entertainment Studios, and Paramount Media Networks; and Brian Robbins, the president and CEO of Paramount Pictures and Nickelodeon. Reports first emerged<\/a> of Bakish\u2019s potential departure on Friday.<\/p>\n<\/div>\n Bakish has been with the company since 1997 and became CEO of Viacom in 2016. He remained in the position when Viacom and CBS Corporation merged in 2019 to form Paramount Global, guiding the company through the launch of Paramount Plus<\/a> and its acquisition of Pluto TV<\/a>. Bakish is also stepping down from Paramount\u2019s board of directors.<\/p>\n<\/div>\n For months now<\/a>, Paramount has been in talks with several suitors that want to buy all or part of the company. It\u2019s getting closer to a deal with Skydance Media, which has extended a final offer to merge with Paramount, according to a report from CNBC<\/a>. The proposed deal involves Skydance paying a $3 billion cash infusion to buy back shares and pay debts, while also giving shareholders a larger stake than it offered previously, The New York Times<\/em> reports<\/a>. Paramount\u2019s special committee still has to approve the deal.<\/p>\n<\/div>\n