Richard Parsons Named Interim Chairman at CBS Corp.

Richard Parsons has been named CBS Corporation’s interim chairman of the board of directors.

Bruce Gordon and William Cohen, who have served on the board of directors since CBS became a standalone public company in 2006, have decided to step down from their posts to focus on other personal and professional priorities.

“Dick Parsons has a combination of deep industry knowledge and unmatched corporate and board experience,” said Candace Beinecke, chair of CBS’s nominating and governance committee. “We are fortunate to have Dick in this leadership role.”

“We have a distinguished and independent Board that is steadfast in its commitment to serve the best interests of all shareholders,” said Parsons. “I think I speak for all board members when I say I look forward to learning more about CBS’s compelling opportunities and how we can help guide and support the company’s growth.”