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Paramount Board Member, Who Was Initially Skeptical of Skydance Deal, to Leave Company

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Charles Phillips, a former Oracle executive, had previously expressed skepticism about Skydance's deal to take over Paramount Global.

Karen Phillips and Charles Phillips attend the 2024 Apollo Theater Spring Benefit at The Apollo Theater on June 11, 2024 in New York City.Paramount disclosed Phillips’ exit Friday, writing in a securities filing that Phillips informed the board of his decision earlier this week, and that it would be effective at the end of October.

“I am resigning from the Paramount Board of Directors, effective the end of this month ,” Phillips wrote in his resignation letter. “As my firm Recognize launches a second fund next month, the expansion and growth unfortunately leave less time for outside commitments. It’s been an honor to serve on the Viacom, ViacomCBS, and Paramount boards in a dynamic industry. I wish the company and its many talented employees well in the future.

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