Paramount Global announced on Wednesday that its international boss Raffaele Annecchino is “on leave” from the company, which takes effect immediately.
“Raffaele Annecchino, president of Paramount’s international studios, networks and streaming, is on leave today,” the company said in a statement. The surprising announcement did not immediately state the reason or whether it was decided by him or the management.
For the time being, the three executives will work together to run Paramount’s international operations. “JC Acosta, President, International Studies, Streaming and Networking for Southern Europe, Latin America, the Middle East and Africa, Maria Kyriacou, President, Australia, Canada, Israel and the United Kingdom, and Mark Specht, Executive Vice President and CEO, Central & Northern Europe and Asia will act as interim leaders to lead international business, “the company said in a statement.
Annecchino was for many years the right-hand man of Paramount Global President and CEO Bob Bakish. The CEO was last based in Madrid and reported to Bakish.
In his role, he oversaw all of Paramount’s media networks and related companies outside the U.S., including the pay-TV entertainment brand portfolio and broadcast networks on six continents. These include Channel 5 in the UK, Telefe in Argentina, Network 10 in Australia and Colors in India through a joint venture with Viacom18. Annecchino also oversaw Paramount’s portfolio of international streaming products Paramount +, Pluto TV and Noggin.
Annecchino joined MTV Networks International in 1997 as head of distribution. In 2002, he became CEO of MTV Spain and later Iberia, before continuing to climb the ranks. Prior to joining Paramount, Annecchino held positions at Turner International, Cartoon Network and CNN.
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