The president and acting CEO of CBS Corp. has agreed to extend his role with the company. CBS announced today that Joseph Ianniello agreed to an additional six months, extending the arrangement through Dec. 31.
Additionally, the CBS Board of Directors announced it will suspend its search for another CEO, calling the move “a testament to the accomplishments achieved by Ianniello since he became President and Acting CEO.”
In a statement, the CBS Board of Directors said: “Joe has demonstrated exceptional leadership during this time of unprecedented transition at CBS. He steadied the ship with some key appointments and a commitment to cultural change, and steered it forward by focusing CBS’ operations around its growing direct-to-consumer strategy. We are very pleased to recognize Joe’s talents and efforts with this extension, and we look forward to all that he’ll continue to do to build on CBS’ remarkable momentum.”
The announcement adds: “Since assuming his current role in September 2018, Ianniello has successfully positioned CBS as a multiplatform premium content company, overseeing all operations while working closely with management and the creative community.”
Ianniello was previously the company’s chief operating officer since 2013.