Richard Parsons leaves as CBS executive because of malignancy difficulties

 

Richard Parsons, CBS interim chairman

 

Andrew Harrer | Bloomberg | Getty Images

Richard Parsons, CBS break director

CBS break Chairman Richard Parsons has ventured down from the board after about multi month, refering to challenges in his battle against different myeloma.

Parsons, 70, will be supplanted by Strauss Zelnick, who established the media-centered private value firm Zelnick Media Capital. Zelnick, right now director and CEO of Take-Two Interactive, likewise joined the CBS board in September.

“Lamentably, unexpected difficulties have made extra new difficulties, and my specialists have prompted that reducing my present duties is fundamental to my general recuperation,” Parsons said in an announcement.

The CBS barricade shake occurred early a month ago when then-CEO Leslie Moonves was removed after charges of rape and badgering surfaced. Moonves has denied bad behavior.

At the season of Moonves’ exit, CBS likewise reported an arrangement to end suit against controlling investor Shari Redstone and National Amusements for control of the telecom and media goliath.

Six CBS board individuals ventured down, and new executives were selected, including Parsons and Zelnick.

“I trust CBS’ recognized Board, now driven by Strauss Zelnick, and additionally CBS’ solid supervisory group driven by [interim CEO] Joe Ianniello, will keep on effectively direct this Company into its brilliant future,” Parsons said.

Parsons was CEO of Time Warner from 2002 to 2007 and administrator of Time Warner’s load up from May 2003 to January 2009. He at that point filled in as executive of Citigroup for a long time.

— Reuters added to this report.

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