Jeffrey Shell

About Jeffrey Shell

Jeffrey Shell (age ~60; born October 6, 1965) is a veteran media executive with a BS in Economics & Applied Mathematics from UC Berkeley and an MBA from Harvard University . He was appointed President and principal executive officer of Paramount Global on August 7, 2025, and simultaneously joined the board of directors following the Skydance–Paramount closing . Paramount’s public shares were cancelled and the company was delisted/deregistered as part of the transaction, so public TSR metrics for his tenure are not applicable at this time .

Past Roles

External Roles

Board Governance

• Board service at Paramount: Shell was appointed a director on August 7, 2025, alongside Andrew Warren, Andrew Brandon-Gordon and Katherine Gill-Charest .
• Committee roles: Not disclosed post-closing; bylaws authorize the Board to create committees and delegate authority (Directors may designate committees; committees can exercise Board powers except those prohibited by DGCL) .
• Independence context: The pre-closing Governance Agreement with National Amusements (which required majority independent directors for the Board/committees) was terminated at the Closing, altering independence safeguards going forward .
• Dual-role implications: Shell serves concurrently as President (principal executive officer) and a director, centralizing executive and board influence; bylaws define the President as the principal executive officer with broad authority over corporate affairs .

Fixed Compensation

• Terms (base salary, target bonus, benefits) for Jeffrey Shell at Paramount Global have not been publicly disclosed in available SEC filings reviewed (post-August 7, 2025 8‑K does not include compensation tables for Shell) .

Performance Compensation

• Annual/STIP and LTIP design for Shell has not been disclosed post-transaction. Pre-closing, Paramount emphasized pay-for-performance with quantitative metrics (Adjusted OIBDA, FCF, DTC OIBDA, DTC Revenue) in the STIP and rTSR-based PSUs in the LTIP, but these frameworks may change under new ownership and governance .

Equity Ownership & Alignment

• Beneficial ownership and grant awards for Shell at Paramount have not been disclosed in available filings.
• Policy backdrop: Prior to the transaction, Paramount maintained anti-hedging and anti-pledging policies for executives, robust stock-ownership guidelines, and clawback provisions; current post-closing status has not been specified .
• Trading context: Paramount’s legacy equity was cancelled; the company was delisted/deregistered at Closing, limiting public equity-based trading signal analysis for Shell’s alignment (monitor future disclosures of any listed parent securities for updated alignment metrics) .

Employment Terms

• Appointment: Shell was appointed President (principal executive officer) and director on August 7, 2025 .
• Role definition: Under amended bylaws, the President is the principal executive officer, supervising and controlling all business/affairs, presiding at stockholder and board meetings if no Chairman is present .
• Employment agreement, severance, and change-of-control terms: Not filed/disclosed in the August 7, 2025 8‑K or accompanying exhibits .

Performance & Track Record

• Executive results: At UFEG, Shell oversaw integration of DreamWorks Animation and broader film/TV content operations . At NBCUniversal, he pushed Peacock streaming and led the company through a complex industry shift (pandemic period) .
• Controversies: Shell departed NBCUniversal in April 2023 following an internal investigation into an inappropriate relationship, a material reputational consideration for governance diligence .

Investment Implications

• Compensation alignment and retention risk: Until Shell’s compensation package (base, bonus metrics, equity mix, vesting) and severance/CIC protections are disclosed, alignment and retention signals remain opaque; monitor subsequent 8‑Ks or proxy-equivalent disclosures for specifics .
• Governance/influence: Termination of the pre-closing Governance Agreement and a management-heavy post-closing Board (Shell plus senior executives) heighten the need for transparency on committee composition, independence, and oversight of executive pay/design .
• Trading signals: Public equity-based signals for Paramount Global ceased at Closing (delisting/deregistration); debt holders may note that parent guarantees were put in place across multiple series of Paramount debt, shifting focus to credit governance and strategic execution under Shell’s leadership .
• Track record: Shell’s deep operating background in film/TV and global distribution can be a positive for execution; prior controversy requires robust board-level safeguards and clear disclosure to mitigate governance risk .