New Delhi, Oct. 1 -- Paramount Skydance's David Ellison introduced his new co-CEO, Ynon Kreiz, to the employees just ahead of the company's merger with Warner Bros. Discovery. In a purported memo, Ellison said, "If you don't know Ynon yet, you're about to. If you do, you already know how lucky we are."

David Ellison earlier announced that former Mattel Inc. chief Ynon Kreiz will be co-CEO of the combined companies after completing the pending $110 billion acquisition of Warner Bros. Discovery I

According to Business Insider, Paramount said in its announcement that Ellison would lead the combined company's creative and tech strategy, while Kreiz would oversee day-to-day operations and deal integration.

Company executives will report to ...