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Richard Parsons resigns as CBS interim chairman due to illness

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Richard Parsons CBS interim CEO
Richard Parsons.
AP
Photo/Charles Dharapak, File


  • The interim chairman of CBS has resigned due to illness, the
    company announced Sunday.
  • Parsons was named interim chairman in September, following
    the ousting of Les Moonves amid multiple sexual misconduct
    allegations.
  • CBS said Strauss Zelnick, the CEO and chairman of Take-Two
    Interactive Software Inc., will replace Parsons as CBS’ interim
    chairman.

CBS Corp. says that Richard Parsons, its interim chairman and a
veteran of the media industry, has resigned from its board due to
illness.

The media company named Strauss Zelnick, another media industry
leader, as his replacement.

CBS named Parsons interim chairman in September as it tried to
reshape itself following the resignation of its longtime chief
Les Moonves, who had faced multiple sexual misconduct
allegations
.

Parsons said in a statement Sunday that he was already dealing
with multiple myeloma when he joined the board, but
“unanticipated complications have created additional new
challenges” and that his doctors have advised he cut back on his
commitments to ensure recovery.

His successor, Zelnick, currently serves as CEO and chairman of
interactive entertainment company Take-Two Interactive Software
Inc.

Parsons was known for bringing a steady hand to a number of
complex business deals, including the AOL-Time Warner merger, and
had already launched the search for a new chief executive at CBS,
according to The New York Times.

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