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CBS Taps Richard Parsons to Replace Moonves as Board Chair

The CBS Corporation has appointed Richard Parsons to chair the company’s board on an interim basis.

Parsons, 70, a longtime business and media executive, replaces disgraced CBS CEO Leslie Moonves, who stepped down this month amid mounting allegations of sexual harassment.

Parsons, nominated to become a director earlier this year, recently joined CBS as one of the six new board members. He was unanimously approved by the CBS board, according to a company statement.

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

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