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Report: Shari Redstone Looks for New Viacom Board Members

Jun 6, 2016  •  Post A Comment

Shari Redstone is reportedly looking for candidates for the Viacom Board of Directors, and according to a report by Claire Atkinson in the New York Post’s On the Money section, it appears that a number of the most likely contenders are not interested.

“On the Money hears that former MTV Networks boss Judy McGrath was asked if she would be interested in helping Shari Redstone in her efforts to replace four independent board members at Viacom with folks who are more inclined to represent shareholder interests, not those of the company’s executives,” Atkinson writes. “McGrath is said to have declined because of her duties as an Amazon board member.”

The report adds: “Similarly, former Viacom CEO Tom Freston told Fortune last week that he backed Shari’s efforts to push for changes at Viacom, saying he ‘supports her efforts to oust [Philippe] Dauman and clean up the mess he will have left behind,’ but that, for him, ‘it’s hard to go backwards.’”

“One person believes Shari’s partner at digital firm Advancit Capital, Jonathan Miller, is another likely choice,” Atkinson writes, noting that Miller declined to comment. She adds: “Also, another tipster insists that DreamWorks Animation boss Jeffrey Katzenberg will materialize as a new CEO candidate at Viacom. Katzenberg is said to be friendly with controlling shareholder Sumner Redstone.”

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