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CBS interim director resigns from the board due to poor health



NYC YORK (Reuters) – CBS Corp. CBS.N ) Temporary Chairman Richard Parsons has resigned from the Board for reasons of ill health about one month after joining, the company said in a statement on Sunday .

PHILOTTE: Richard Parsons (L) and Les Moonves (R), formerly of CBS Corporation. in New York February 6, 2007. REUTERS / Chip East (USA) / Filfoto

Parsons, who said he had complications from a form of cancer, will be replaced by Strauss Zelnick, who founded media-focused private equity firm Zelnick Media Capital , according to the statement.

PHIL PHOTO: Richard Parsons, former chairman of Citigroup and former CEO and CEO of Time Warner, will be in New York on December 18, 2013. REUTERS / Shannon Stapleton / File Photo

Zelnick currently works as CEO and Chairman of Take-Two Interactive Software, Inc. Zelnick was also in the board in September.

Last month, CBS CEO Leslie Moonves interrupted allegations of sexual assault and harassment. Moonves has said the allegations were fake.

At the time, CBS also announced an agreement to terminate litigation against controlling shareholder Shari Redstone and National Amusements Inc for control of the broadcaster and media company. Six board members went down and new board members were appointed, including both Parsons and Zelnick.

Reporting by Jessica Resnick-Ault; Editing Grant McCool

Our Standards: Thomson Reuters Trust Principles.

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