Leslie Moonves Re-Ups CBS Contract Through June 2021

Leslie Moonves has signed a new contract that covers a two-year extension to his current term with CBS Corporation as chairman, president and CEO, through June 30, 2021.

The agreement provides for Moonves to become a senior advisor to the company for an additional five years. It will include an option to establish a production company under CBS’s auspices.

Moonves has been with CBS since 1995, when he joined as president of entertainment. He was promoted to president and CEO of CBS Television in 1998 and became its chairman in 2003. He was later named co-president and co-COO of Viacom and chairman of CBS in 2004. In 2006, Moonves was named president and CEO of the newly formed CBS Corporation when it became a stand-alone, publicly traded company. In 2016, he also took on the role of chairman.