Joseph Ianniello Named Deputy CFO At CBS

Ianniello Rises

JOSEPH IANNIELLO has been named Deputy Chief Financial Officer for the CBS CORPORATION; it was announced TODAY by EVP/CFO FREDRIC G. REYNOLDS. IANNIELLO had previously been serving as the SVP/Chief Development Officer and Treasurer for the Company.

"JOE and I have worked together for more than 10 years, and throughout that time his insights have been a tremendous asset to me and to CBS' entire financial team," said REYNOLDS. "He has run the treasury department with distinction, a job that is vitally important at any time, but especially now. He has also played a lead role in our strategy to divest some of our slower-growth businesses for very attractive values, while re-investing in faster-growing businesses. I'm confident that in this new role he will bring even greater contributions to our finance function and to CBS as a whole, and I look forward to working closely with him as we continue to position the Company for future growth."

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