Philippe Dauman Extends Viacom Contract Through 2018

NEW YORK: Philippe Dauman has signed an extension of his employment agreement with Viacom to remain president and CEO through December 31, 2018.

The extension adds a further two years to Dauman’s previous contract, which ran through December 31, 2016. Dauman has held the post since September 2006 and has been a member of the company’s board of directors since 1987. Prior to becoming CEO, Dauman served in several positions at Viacom, including as deputy chairman and executive VP.

Sumner M. Redstone, the executive chairman and founder of Viacom, said, “Philippe has been my long-term partner in building Viacom into the global entertainment powerhouse that it is today. He has been an extraordinary CEO over more than eight years and his strategic vision and creative leadership have delivered consistently outstanding operational and financial results. I am delighted that Philippe has agreed to lead Viacom well into the future.”

Frederic V. Salerno, the chair of the compensation committee of the Viacom board of directors, said, “Under Philippe’s capable leadership, Viacom has excelled during a time of great change. He is an outstanding strategic and operational executive, and we are confident that he will continue to lead Viacom to new levels of success in the years to come.”