Mr. Parsons has served as an adviser to CBS controlling shareholder Shari Redstone, and has been chairman at both Time Warner and Citicorp. He was unanimously approved by the CBS board.
“Dick Parsons has a combination of deep industry knowledge and unmatched corporate and board experience,” said Candace Beinecke, the chairwoman of CBS’s nominating and governance committee. “We are fortunate to have Dick in this leadership role.”
CBS also announced that Bruce Gordon and William Cohen, who have served on the board since 2006, will step down. They did not give reasons for their resignations.
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