Naveen Chopra, the chief financial officer (CFO) of Paramount Global, is leaving the company to take on the same role at Roblox, the companies announced on Monday.
Chopra’s departure comes as Paramount is in the midst of an $8.4 billion merger with Skydance Media, which is pending approval from the U.S. Federal Communications Commission (FCC).
Chopra, who has been with Paramount since 2020, played a significant role in the company’s transition from traditional media to a more streaming-focused business.
Before his tenure at Paramount, Chopra served as the finance head for Amazon’s Devices and Services division.
His new position at Roblox follows the company’s growing user engagement, particularly with its Gen Z audience. Chopra will succeed Michael Guthrie, who announced last year that he would step down as CFO to pursue personal interests.
Guthrie will remain with Roblox until June to help ensure a smooth transition, after which he will take on a consulting role.
Chopra’s move to Roblox comes at a time when the gaming company is exploring new revenue streams, including advertising and diversifying its game genres to attract older demographics.
Roblox’s focus on expanding its user base and revenue generation will likely benefit from Chopra’s financial expertise, particularly as the company continues to innovate within the gaming and virtual entertainment space.
Meanwhile, Paramount will be under the leadership of Andrew Warren, the company’s strategic advisor to the CEO’s office, who will take over as interim CFO.
Warren, a former CFO of Discovery Communications, is expected to guide the company through its regulatory hurdles and strategic challenges, including the merger with Skydance.
This leadership change at both companies highlights the ongoing shifts in the media and gaming industries, as Paramount works to adapt to an increasingly digital landscape and Roblox continues to expand its market reach.