Richard Parsons steps down from CBS board, and Strauss Zelnick is elected chairman [Los Angeles Times (CA)]
Citigroup, Inc. (C)
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Source: Los Angeles Times
Richard Parsons steps down from CBS board, and Strauss Zelnick is elected chairman In yet another changing of the guard at CBS Corp., the company announced late Sunday that Richard Parsons has stepped down from the board — a month after joining it — due to health complications. Strauss Zelnick, who also has served on the CBS board for about a month, assumed Parsons’ position as interim chairman. CBS board members unanimously approved Zelnick’s appointment in a Sunday evening meeting, the company said in a statement. “The reason for my departure relates to the state of my health,” Parsons, 70, said in the statement. “As some of you know, when I agreed to join the board and serve as the interim chair, I was already dealing with a serious health challenge — multiple myeloma — but I felt that the situation was manageable.” Parsons is well respected in the industry. He ran Time Warner Inc. during a turbulent time after the company’s disastrous merger with AOL, and he was brought in to stab
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