Viacom Inc. Names Independent Directors To The Boards Of Post-Separation Companies

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Zedd

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Viacom Inc. today announced the election of seven independent directors to the Boards of the two new publicly traded companies that will be created following the separation of Viacom.

Four directors (Charles K. Gifford, Bruce S. Gordon, Ann N. Reese and Judith A. Sprieser) have been elected to the Board of CBS Corporation, joining previously announced CBS Board members David R. Andelman, Joseph A. Califano, Jr., William S. Cohen, Philippe P. Dauman, Leslie Moonves and Robert D. Walter, as well as Sumner M. Redstone and Shari Redstone, who will serve as Chairman and non-executive Vice Chair, respectively.

Three directors (Thomas E. Dooley, Ellen V. Futter and Robert K. Kraft) have been elected directors of the new Viacom, joining previously announced new Viacom Board members George S. Abrams, Philippe P. Dauman, Tom Freston, Alan C. Greenberg, Charles E. Phillips, Jr., Frederic V. Salerno and William Schwartz, as well as Sumner Redstone and Shari Redstone, who will serve as Chairman and non-executive Vice Chair, respectively.

The separation is expected to take place by year's end.

[Source: <a href="http://www.viacom.com/view_release.jhtml?inID=5000002&inReleaseID=26647" target="blank">Viacom</a>]
 

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