NEW YORK, Sept. 25, 2018 /PRNewswire/ -- Richard
Parsons has been named CBS Corporation's Interim Chairman of the
Board of Directors, the Company announced today. The Board
unanimously approved the appointment, which was recommended by the
Board's Nominating and Governance Committee.
"Dick Parsons has a combination
of deep industry knowledge and unmatched corporate and board
experience," said Candace Beinecke,
Chair of CBS' Nominating and Governance Committee. "We are
fortunate to have Dick in this leadership role."
"We have a distinguished and independent Board that is steadfast
in its commitment to serve the best interests of all shareholders,"
said Parsons. "I think I speak for all Board members when I say I
look forward to learning more about CBS' compelling opportunities
and how we can help guide and support the Company's growth."
The Company also announced that Bruce
Gordon and William Cohen, who
have served on the Board of Directors since CBS became a
stand-alone public company in 2006, have decided to step down from
their posts to focus on other personal and professional priorities.
The Board unanimously adopted a resolution to express its thanks
and appreciation to Messrs. Gordon and Cohen for their long and
dedicated service to CBS, and to wish them well on their future
endeavors.
About CBS Corporation
CBS Corporation (NYSE: CBS.A and
CBS) is a mass media company that creates and distributes
industry-leading content across a variety of platforms to audiences
around the world. The Company has businesses with origins that date
back to the dawn of the broadcasting age as well as new ventures
that operate on the leading edge of media. CBS owns the
most-watched television network in the U.S. and one of the world's
largest libraries of entertainment content, making its brand — "the
Eye" — one of the most-recognized in business. The Company's
operations span virtually every field of media and entertainment,
including cable, publishing, local TV, film, and interactive and
socially responsible media. CBS' businesses include CBS Television
Network, The CW (a joint venture between CBS Corporation and Warner
Bros. Entertainment), Network Ten Australia, CBS Television
Studios, CBS Studios International, CBS Television Distribution,
CBS Consumer Products, CBS Home Entertainment, CBS Interactive, CBS
Films, Showtime Networks, CBS Sports Network, Pop (a joint venture
between CBS Corporation and Lionsgate), Smithsonian Networks, Simon
& Schuster, CBS Television Stations, CBS EcoMedia, and CBS
Experiences. For more information, go to
www.cbscorporation.com.
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SOURCE CBS Corporation