Paramount Global announced that Bob Bakish is stepping down as CEO of the film, television and multimedia company.

CBS Sports Chairman Sean McManus has known for over a year when he planned to retire and who would be his successor.

The famous stopwatch will still announce the show as “60 Minutes.”.

FILE - NAACP President and CEO, Derrick Johnson addresses the 110th NAACP National Convention in Detroit on July 22, 2019. CBS Television and the NAACP have reached an agreement to develop content to further tell stories of the African American experience. (AP Photo/Carlos Osorio, File)LOS ANGELES CBS Television and the NAACP has reached an agreement to develop content to further tell stories of the African American experience. The television studio and civil rights organization announced the multi-year agreement in a joint statement Wednesday. CBS will work with the NAACP to form a team to acquire, develop and produce programming to detail inclusive stories.