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Reynolds to Leave Post With Viacom

Jul 19, 2005  •  Post A Comment

Fred Reynolds, who has been president and CEO of the large Viacom Television Stations Group since 2001, resigned Monday to become president and chief operating officer of Evercore Partners, which manages some $1.25 billion of private equity and venture capital.

The well-regarded Mr. Reynolds is expected to take up his new assignment in August.

He first joined what is now Viacom as chief financial officer of Westinghouse, which bought CBS in 1995, four years before Viacom and CBS announced they were merging. His departure leaves the company with two positions to be filled. In addition to heading the stations group, Mr. Reynolds had been presumed to be the frontrunner to become CFO for Leslie Moonves, CBS chairman and CEO and Viacom co-president and co-COO, after Viacom splits in two early in 2006.

Mr. Reynolds will report to Evercore co-CEOs Roger Altman and co-founder Austin Beutner.