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Jeff Shell is stepping down as president and board member following allegations linked to US securities disclosure rules.
Jeff Shell is stepping down as president of Paramount Skydance after a civil complaint review.
KEY POINTS
- The complaint alleges Shell promised to develop a TV show for R.J. Cipriani in exchange for crisis communications services.
- Paramount Skydance's internal review found no evidence of securities law violations related to the allegations.
- Shell has filed a countersuit against Cipriani, accusing him of extortion and defamation.
- Paramount Skydance has not yet announced a successor to Shell following his departure.
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