Christa D’Alimonte, Paramount Global‘s EVP, basic counsel and secretary, is exiting on the finish of the month after 12 years on the firm and its predecessor Viacom.
D’Alimonte on Tuesday knowledgeable her workforce that she will probably be leaving the corporate on June 28 (learn the memo under). Within the memo, she didn’t present a cause for her exit. With D’Alimonte’s departure, Caryn Groce, EVP, deputy basic counsel and assistant secretary, will step in as performing basic counsel.
Paramount World’s three co-CEOs — George Cheeks, Chris McCarthy and Brian Robbins — wrote in a memo to senior staffers Tuesday, “We’re grateful to Christa for her contributions, and we want her the perfect going ahead.”
Information of D’Alimonte’s departure comes per week after Shari Redstone’s National Amusements Inc., Paramount’s controlling shareholder, broke off merger talks with Skydance Media on the eleventh hour. The corporate’s three-exec CEO workforce, installed after the ouster of Bob Bakish in late April, have outlined a go-it-alone strategy to slash prices via layoffs and different measures, divest sure belongings and type a three way partnership or different partnership to scale Paramount+. Final month, Julia Phelps, EVP and chief communications and corporate marketing officer, left after almost 20 years with Paramount World and Viacom.
D’Alimonte had joined Viacom as SVP, deputy basic counsel and assistant secretary in 2012 earlier than rising to the function of EVP, basic counsel and secretary of Viacom in 2017. She was answerable for overseeing Viacom’s international authorized capabilities, in addition to the corporate’s HR group and its safety, amenities and actual property groups. Previous to Viacom, she was deputy observe group chief of Shearman & Sterling LLP’s international M&A bunch after initially becoming a member of the agency in 1993.
Groce joined Paramount World in 2010. Beforehand, she was senior company transactions counsel at NBCUniversal and was a company affiliate at Cravath, Swaine & Moore and Hogan Lovells.
Learn D’Alimonte’s memo to her workforce:
Staff,
As a few of you already know, I will probably be leaving Paramount on the finish of the month.
It has been greater than 25 years since I first represented Viacom, and almost 12 years since I first walked via the revolving doorways of 1515 Broadway as an worker. I’ve all the time been amazed by the extraordinary methods wherein this division touches actually all the pieces that occurs at Paramount. Our work doesn’t typically make headlines or get acknowledged at glitzy award exhibits, however you’re the coronary heart and soul of this firm. You might be key to the event and manufacturing of each piece of content material, each tentpole, each advertising marketing campaign, each distribution deal, each financing transaction, each actual property lease, the security and expertise of each worker… The checklist goes on and on. Your dedication, your dedication to excellence and your collaborative nature are behind all of it.
Considered one of my favourite quotes is from the late, nice Maya Angelou – “I’ve realized that individuals will neglect what you stated, folks will neglect what you probably did, however folks will always remember the way you made them really feel.” Certainly, I’d have a tough time compiling a listing of all of the issues I’ve labored on through the years – however I’ll always remember the way you’ve made me really feel. I’ve been energized by your positivity, even in unsure instances. I’ve been floored by your intelligence and creativity, particularly when coping with novel and difficult points. I’ve been humbled by your generosity together with your time and experience after I’ve sought steerage and assist. I’ve been overwhelmed with delight on the workforce we have now developed. And I’ve felt blessed daily to name you colleagues and pals. I hope that I’ve been in a position to do the identical for you.
I’m cheering for you going ahead, can’t wait to see what’s subsequent and really a lot hope we keep in contact.
Christa
