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The Board of Directors of CBS Corporation has elected Joseph Ianniello as Executive Vice President and Chief Financial Officer, effective July 20, 2009. Ianniello has been serving as Deputy Chief Financial Officer, CBS Corporation, since November 2008. Ianniello will oversee all financial operations of CBS Corporation. As Deputy Chief Financial Officer, he has been responsible for the company’s financial strategy across its operations, in addition to worldwide treasury, tax, information systems, technology, and corporate development – including mergers & acquisitions – and risk management.
Leslie Moonves, President and Chief Executive Officer has announced the appointment and said “Joe has been a key member of my senior management team for some time now, and his significant experience in the industry, as well as his 12 years in key financial positions at CBS, make him uniquely qualified for this new role, he’s been involved in every major financial decision of this company, from the time that the new CBS Corporation was formed to the present day, and he’s spent the last year working alongside Fred Reynolds, preparing for this transition. It’s a luxury to have someone who’s played at his level ready to step into this vitally important position. He is one of the hardest working, most disciplined financial executives in the business, and he has my complete trust. I look forward to the contribution he will make as we move forward to deliver on the great promise of this corporation.”
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