Redstone Taps New Stewards
May 24 2016 - 11:10AM
Dow Jones News
Sumner Redstone said Tuesday he has made several appointments to
the bodies responsible for overseeing his media empire, after
dismissing top associates from those duties last week.
Mr. Redstone named Jill Krutick, a former media executive and
stock analyst, and Tad Jankowski, the general counsel of his
holding company, National Amusements Inc., to the trust that will
oversee the mogul's controlling stakes in Viacom Inc. and CBS Corp.
when he dies or is deemed incapacitated.
Mr. Redstone also named Ms. Krutick and his oldest
granddaughter, Kimberlee Ostheimer, to the board of National
Amusements.
The changes, which were widely expected, were announced in a
statement issued through Mike Lawrence, a new spokesman for Mr.
Redstone.
The new appointees fill the slots that were occupied by Viacom
Chief Executive Philippe Dauman and Viacom director George Abrams,
who were informed by a lawyer for Mr. Redstone that they had been
removed from the trust and the National Amusements board.
The two men challenged their removal in a lawsuit filed
yesterday in a Massachusetts court. They alleged that Mr.
Redstone's daughter, Shari Redstone, has manipulated her ailing
father and orchestrated the changes as part of a campaign to gain
control of his $40 billion media empire.
Ms. Redstone has denied those charges.
Mr. Redstone, who has suffered various health problems and has
extreme difficulty communicating, turns 93 on Friday.
Write to Amol Sharma at amol.sharma@wsj.com
(END) Dow Jones Newswires
May 24, 2016 10:55 ET (14:55 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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