Viacom continued to stack the management deck of the new Viacom-Paramount this week, naming George Smith Jr. senior vice president/chief financial officer and appointing Raymond Boyce senior VP for corporate relations.
While Smith and Boyce currently occupy those positions at Viacom, their new responsibilities will also include coordinating their respective duties at the company’s new Paramount Communications unit.
Both will report to Thomas Dooley, executive VP of finance, corporate development and communications.
Smith — who has served as CFO since November 1987 — will oversee all financial concerns such as treasury, accounting, bank and Wall Street relations, as well as internal audit, among others.
Boyce will take charge of media relations, public affairs, special events and corporate philanthropy. He has been senior veep for corporate relations since January 1988.
Separately, Paramount Communications will move out of its headquarters building overlooking Central Park and the structure will be converted into luxury apartments.
According to plans made public Tuesday, a group including developer Donald Trump will strip the building to its steel skeleton and renovate it when Paramount moves in with Viacom, whose headquarters is several streets away.
The move is expected by April 1995.
Plans indicated that building owner GE Investments, manager of General Electric. Co.’s pension fund, has joined with Trump and another developer, Daniel Galbreath, to redevelop the building.
The 50-story, 650,000-square-foot building, now known as the Paramount Building, will be renamed 1 Central Park West when the project is completed. Unlike other Trump properties, it will not bear his name.