CBS Corporation Appoints COO

NEW YORK: CBS Corporation has appointed Joseph Ianniello, who has been CFO since 2009, as COO, with a remit that includes maximizing the monetization of the company’s content.

In addition to continuing to oversee all financial operations, Ianniello will oversee negotiations for digital streaming, retransmission consent fees and reverse compensation from affiliates. In this five-year deal he continues to report to Leslie Moonves, president and CEO. He is based in Los Angeles and New York.

“Joe’s role in CBS’s success these past several years has been extraordinary,” said Moonves. “He’s been a game-changing CFO, but he’s also so much more than that. He is a tough negotiator, a great manager, and someone who brings energy, passion and a great sense of teamwork to anything he does. He is also someone who has developed incredible trust and admiration on Wall Street, with our shareholders, our board of directors and my superb senior management team, of which he is an integral part. I am proud to promote Joe to this new position, which not only recognizes the many contributions he has already made, but sets him up for all the great work yet to be done.”

He has been in the CFO post since 2009, prior to which he was held the roles of deputy CFO, senior VP, chief development officer and treasurer.