Paramount has promoted Elizabeth Raposo to Executive Vice President, an individual with knowledge of the situation told TheWrap.
The former Senior Vice President now shares the same title as Geoff Stier and they are both on par with Peter Kang, who is also EVP, Production.
It is the latest executive move at the studio after Marc Evans was named head of Paramount’s Motion Picture Group last month.
Evans replaced Adam Goodman and his ascent had been speculated as soon as Goodman was let go a few weeks earlier. Evans is a 12-year veteran of the studio and a well-respected creative executive who most recently served as the president of production. He now reports to Brad Grey, Chairman and CEO of Paramount Pictures.
On Mar. 23, Paramount announced plans to absorb its microbudget genre label Paramount Insurge into the main studio and strip President Amy Powell of her film responsibilities. The move appears to be part of Paramount’s ongoing consolidation, according to insiders.