CBS Corp. has named a high-profile industry veteran as interim chairman of the company’s Board of Directors. The company announced Tuesday that former Time Warner Chairman and CEO Richard Parsons was named to the post.

“The Board unanimously approved the appointment, which was recommended by the Board’s Nominating and Governance Committee,” the company said in today’s announcement.

Candace Beinecke, chair of the Nominating and Governance Committee, is quoted in the announcement saying: “Dick Parsons has a combination of deep industry knowledge and unmatched corporate and board experience. We are fortunate to have Dick in this leadership role.”

Said Parsons: “We have a distinguished and independent Board that is steadfast in its commitment to serve the best interests of all shareholders. I think I speak for all Board members when I say I look forward to learning more about CBS’ compelling opportunities and how we can help guide and support the Company’s growth.”

CBS Corp. also announced that Bruce Gordon and William Cohen, who have served on the Board of Directors since CBS became a stand-alone public company in 2006, have decided to step down from their posts to focus on other personal and professional priorities.

“The Board unanimously adopted a resolution to express its thanks and appreciation to Messrs. Gordon and Cohen for their long and dedicated service to CBS, and to wish them well on their future endeavors,” the announcement notes.