NEW YORK, April 23, 2019 /PRNewswire/ -- Joseph
Ianniello has agreed to extend his role as CBS Corporation's
President and Acting Chief Executive Officer for six additional
months through Dec. 31, the Company
announced today. In addition, as a testament to the accomplishments
achieved by Ianniello since he became President and Acting CEO,
CBS' Board of Directors determined it would suspend its search for
another Chief Executive Officer.
In a statement, CBS' Board of Directors said: "Joe has
demonstrated exceptional leadership during this time of
unprecedented transition at CBS. He steadied the ship with some key
appointments and a commitment to cultural change, and steered it
forward by focusing CBS' operations around its growing
direct-to-consumer strategy. We are very pleased to recognize Joe's
talents and efforts with this extension, and we look forward to all
that he'll continue to do to build on CBS' remarkable
momentum."
Since assuming his current role in September 2018, Ianniello has successfully
positioned CBS as a multiplatform premium content company,
overseeing all operations while working closely with management and
the creative community.
Previously, Ianniello served as the Chief Operating Officer
since 2013, where he was responsible for establishing and executing
Company strategy across all businesses. In addition, he developed
and spearheaded the Company's monetization strategy across
platforms, including retransmission consent fees and reverse
compensation from affiliates, as well as the licensing of the CBS
Corporation content for digital streaming and broadband services.
He was also instrumental in launching CBS All Access, which
has developed into one of the Company's fastest growing
initiatives.
He led the Company's acquisition of Network 10 in Australia and the split-off of CBS Radio
through a merger with Entercom. In addition, he led the conversion
of CBS Outdoor into a real-estate investment trust, marking a first
for an outdoor advertising business.
Prior to being named Chief Operating Officer, Ianniello was
Chief Financial Officer (2009-2013) and oversaw the Company's
financial operations across all business units. Ianniello was
consistently ranked as a top Chief Financial Officer by
Institutional Investor's annual All-America Executive Team survey.
He joined CBS in 1997.
Ianniello serves on the Board of Directors of New Alternatives
for Children, Inc. He earned a Bachelor of Business Administration
at Pace University, where he serves
today on its Board of Trustees, and a Master of Business
Administration at Columbia University.
He is married and has two children.
About CBS Corporation:
CBS Corporation (NYSE: CBS.A
and CBS) is a mass media company that creates and distributes
industry-leading content across a variety of platforms to audiences
around the world. The Company has businesses with origins that date
back to the dawn of the broadcasting age as well as new ventures
that operate on the leading edge of media. CBS owns the
most-watched television network in the U.S. and one of the world's
largest libraries of entertainment content, making its brand — "the
Eye" — one of the most recognized in business. The Company's
operations span virtually every field of media and entertainment,
including cable, publishing, local TV, film and interactive. CBS'
businesses include CBS Television Network, The CW (a joint venture
between CBS Corporation and Warner Bros. Entertainment), Network 10
Australia, CBS Television Studios, CBS Global Distribution Group,
CBS Consumer Products, CBS Home Entertainment, CBS Interactive,
CBS All Access, the Company's direct-to-consumer
digital streaming subscription service, CBS Sports Network, CBS
Films, Showtime Networks, Pop, Smithsonian Networks, Simon &
Schuster, CBS Television Stations and CBS Experiences.
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SOURCE CBS Corporation