Former Time Warner CEO Richard Parsons Named Interim Chairman of CBS’ Board of Directors

Richard Parsons ( Photo by Donald Traill/Invision/ AP/REX/Shutterstock)

by Cynthia Littleton via Variety.com

Richard Parsons, former chairman and CEO of Time Warner, has been named interim chairman of the CBS board of directors.

The newly configured CBS board had its first formal meeting via teleconference on Tuesday after the shakeup that began Sept. 9 with the forced resignation of longtime CEO Leslie Moonves amid sexual misconduct allegations.

Parsons was appointed to the CBS board earlier this month along with four other new members. He’ll be tasked with leading the board at a time of great transition for CBS.

Also on Tuesday, two more long-serving CBS board members, Bruce Gordon and William Cohen, confirmed that they have resigned from the board. Their departures leave the panel at 11 members. It’s not immediately clear if their seats will be replaced.

Gordon, former head of the NAACP and a former top Verizon executive, was credited with stepping up and leading the negotiations that led to Moonves’ resignation and the settlement of the lawsuit CBS filed against its controlling shareholder, National Amusements Inc.

Source: https://variety.com/2018/biz/news/richard-parsons-interim-chairman-cbs-board-1202957772/

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