After expanding his role to include Nickelodeon Studios back in March, Paramount COO Andrew Gumpert is exiting the Melrose lot, effective this week. The announcement as just made by studio Boss Brian Robbins tonight.
We hear that Gumpert’s depature was amicable with the COO telling staffers in Robbins’ memo (which you can read below), “I’ve been contemplating the next chapter of my career and I’m excited to figure out what’s next. I am confident that this organization will continue to lead the industry.”
In the wake of Gumpert’s departure, Courtney Armstrong, President of Business Affairs and Administration, will now assume responsibilities in Strategic Planning and Labor Relations, with Studio Group President Randall Baumberger overseeing Studio Operations. Both will report to Robbins.
Super Bowl Movie Trailer Spots Will Include 'The Flash', 'Fast X', 'Transformers' & 'Ant-Man'
While Robbins oversees the Nickelodeon part of the studio, the exit of Gumpert comes at a time when another part of the Melrose lot is going through turmoil with the integration of Showtime into Paramount+ and layoffs looming on that side. In addition there were series cancellations on Showtime including Let the Right One In, American Gigolo and Three Women.
Gumpert joined Paramount as COO in 2017. Robbins praised Gumpert as an exec who “successfully strengthened” the studios’ relationships “across all aspects of our business, overseeing negotiations with our strategic, creative, and financial partners and licensees, and collaborating with our teams to expand and evolve our revenue sources.”
The exec was credited not only for being “an integral role” in such key franchises as Mission: Impossible, PAW Patrol, Sonic the Hedgehog, Star Trek, Teenage Mutant Ninja Turtles, Top Gun (with 2022’s Maverick) and Transformers, among others, but also for proving “an important advocate” of a forward-looking company culture with advances in diversity and inclusion among its mandates.
“The opportunity to lead and work alongside all of my incredible Paramount colleagues has been an exceptional privilege,” Gumpert also said in a message relayed by Robbins. “Together, we have achieved amazing things, and I will always be grateful for your partnership.”
Prior to joining Paramount, Gumpert was President of Worldwide Business Affairs and Operations for the SPE Motion Picture Group, where he oversaw negotiations for the studio’s productions, and structured and managed the studio’s financial partnerships with entities including Lonestar Capital, Village Roadshow, and MGM. He began his career as business litigator with the law firm of Hill, Wynne, Troop and Meisinger.
Here is Robbins’ full internal memo:
I want to let you know about a change today to our senior leadership team at Paramount and Nickelodeon. Andrew Gumpert has decided to leave his role as Chief Operations Officer, Paramount Pictures & Nickelodeon Studios, effective this week.
Since joining Paramount as COO in 2017 and expanding his responsibilities to include Nickelodeon last year, Andrew has successfully strengthened our relationships across all aspects of our business–overseeing negotiations with our strategic, creative, and financial partners and licensees, and collaborating with our teams to expand and evolve our revenue sources.
He has played an integral role in fueling the success of our global franchises, including Mission: Impossible, PAW Patrol, Sonic the Hedgehog, Star Trek, Teenage Mutant Ninja Turtles, Top Gun: Maverick, and Transformers, among others. He has also been an important advocate for our company culture and a champion of our ongoing dedication to diversity and inclusion.
Andrew leaves us at a time of incredible strength at Paramount, with 2022 being the first year in nearly a decade where we crossed $1 Billion at the domestic box office and ranked as a top three Studio. And this year, we are again poised to deliver another powerful and wide-ranging slate of films to audiences around the world.
Andrew wanted me to share with you, “The opportunity to lead and work alongside all of my incredible Paramount colleagues has been an exceptional privilege. Together, we have achieved amazing things, and I will always be grateful for your partnership. I’ve been contemplating the next chapter of my career and I’m excited to figure out what’s next. I am confident that this organization will continue to lead the industry.”
Following today’s news, Courtney Armstrong, President of Business Affairs and Administration, will assume responsibility for Strategic Planning and Labor Relations and will now report to me; and Randall Baumberger, President of the Studio Group, will oversee Studio Operations, also reporting to me.
I know we are all grateful for Andrew’s immeasurable contributions to our organization, so please join me in thanking him and wishing him the absolute best in the future.
Must Read Stories
Behind The Scenes Of Zach Cregger’s Extraordinary ‘Weapons’ Auction & Its Aftermath
Octavia Spencer, Joseph Gordon-Levitt & Lucy Liu To Star In ‘Nobody Nothing Nowhere’
Apple Misses Q1 Targets; Amazon Q4 Beats Street; Latest Downbeat Alphabet Report
‘Criminal’ Series Based On Ed Brubaker’s Comic Books In Works At Amazon Studios
Read More About:
Source: Read Full Article