Former Paramount Pictures chairwoman Sherry Lansing and Oracle Chief Executive Safra A. Catz join David Ellison on Paramount Skydance's 10-member board of directors.

The current Paramount Global directors will step down upon the close of the combination, including controlling shareholder and non-executive chairwoman Shari Redstone, Linda Griego, Susan Schuman and recent appointees Mary Boies, Charles Ryan and Roanne Sragow Licht.

George Cheeks, Cindy Holland, Josh Greenstein, Dana Goldberg will all get new roles, joining Jeff Shell and Ellison in the C-suite.