Skydance has a debt problem. Meet new co-CEO Ynon Kreiz, the man who's supposed to fix it.
Ynon Kreiz is David Ellison's co-CEO who will run Skydance, made of the former Paramount and Warner Bros. His orders: slashing $80 billion in debt.
Ynon Kreiz, the newly appointed co-CEO of Skydance, is tasked with the daunting challenge of tackling an $80 billion debt burden. As a relatively unknown figure in Hollywood, Kreiz is set to work alongside CEO David Ellison, who will be the public face of the media conglomerate. Kreiz's role will primarily involve finding $6 billion in savings over a three-year period, which may include significant layoffs.
The former Mattel CEO has a successful track record, having engineered a deal with Warner Bros. to produce the hit movie "Barbie" and implemented cost-cutting measures at his previous employer. Despite a few setbacks, such as struggling to grow Mattel after the Barbie movie's success and Mattel's stock performance, Kreiz's reputation as a high-energy executive and his ability to take on heavy tasks make him a strong candidate for the challenging position.
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