Sumner Redstone To Step Down From Viacom Board In February

Sumner Redstone (Shutterstock)

SUMNER REDSTONE will step down from the VIACOM Board of Directors in FEBRUARY, the company announced TODAY (12/16).  REDSTONE, 93, will give up his seat following VIACOM's annual meeting FEBRUARY 6th in NEW YORK CITY.  He will continue to attend board meetings in a "non-voting role" as Chairman Emeritus, the position which he assumed last FEBRUARY after giving up his Executive Chairman role.

Earlier this week, REDSTONE and daughter SHARI REDSTONE called off a proposed VIACOM merger with CBS.  The elder REDSTONE was also hit with allegations from former companion SYDNEY HOLLAND that he had paid $18 million to a flight attendant on a CBS corporate jet then paid $6 million more to her sister after having an affair with her.  VIACOM vet BOB BAKISH was officially named to the President/CEO post earlier this week after serving as Interim CEO since the departure of PHILIPPE DAUMAN.

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