CBS Replaces Redstone as Executive Chairman
February 03 2016 - 4:48PM
Dow Jones News
By Josh Beckerman
CBS Corp. said Sumner Redstone has resigned his post as
executive chairman of the company, replaced by Chief Executive
Leslie Moonves.
Mr. Redstone will become chairman emeritus for CBS. He is also
chairman of Viacom Inc., which has faced concerns about the ailing
mogul's health.
CBS said Wednesday it offered the position of nonexecutive chair
to Mr. Redstone's daugther, Shari E. Redstone.
"She declined in light of her other professional and personal
responsibilities, and in recognition of her confidence in Mr.
Moonves," and will remain vice chair, the company said.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
February 03, 2016 16:33 ET (21:33 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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