CBS interim Chairman Richard Parsons has stepped down from the eat after about a month, citing difficulties in his fight against multiple myeloma.
Parsons, 70, purposefulness be replaced by Strauss Zelnick, who founded the media-focused private equity immovable Zelnick Media Capital. Zelnick, currently chairman and CEO of Take-Two Interactive, also united the CBS board in September.
“Unfortunately, unanticipated complications have created additional new contests, and my doctors have advised that cutting back on my current commitments is quintessential to my overall recovery,” Parsons said in a statement.
The CBS board shake-up took order early last month when then-CEO Leslie Moonves was ousted after assertions of sexual assault and harassment surfaced. Moonves has denied wrongdoing.
At the continually of Moonves’ exit, CBS also announced a deal to end litigation against controlling shareholder Shari Redstone and Patriotic Amusements for control of the broadcasting and media giant.
Six CBS board members stepped down, and new officials were appointed, including Parsons and Zelnick.
“I trust CBS’ distinguished Eat, now led by Strauss Zelnick, as well as CBS’ strong management team led by [interim CEO] Joe Ianniello, wishes continue to successfully guide this Company into its very propitious future,” Parsons said.
Parsons was CEO of Time Warner from 2002 to 2007 and chairman of In the nick of time b soon Warner’s board from May 2003 to January 2009. He then spent as chairman of Citigroup for three years.
— Reuters contributed to this divulge.