Paramount streaming president and CEO Tom Ryan is set to exit the media giant following its $8 billion merger with Skydance, the company announced on Monday after unveiling its new leadership team .

“After 12 phenomenal years entertaining the planet together, the time has come for me to say goodbye. I leave with deep gratitude and pride for a team I love and admire, and for Pluto TV and Paramount+, streaming services that started as bold ideas and have since grown into global powerhouses,” Ryan said in a memo to staff on Monday. “This has been the journey of a lifetime.”

He will continue to support the team in an advisory role to incoming direct-to-consumer chair Cindy Holland and the streaming leadership team to ensure a smooth transition.

Since 2020, Ryan has overseen Paramount+, wh

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