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Viacom CEO resigns, Phil Dauman new leader

Sept. 5, 2006 at 10:08 AM   |   Comments

NEW YORK, Sept. 5 (UPI) -- Tom Freston has resigned as chief executive of New York's Viacom Inc., the owner of MTV and Paramount Pictures.

The 60-year-old executive, who was a founder of MTV, is being replaced by Philippe P. Dauman, 52, Viacom said Tuesday in a statement.

The board also named Thomas E. Dooley, 49, to the newly created position of senior executive vice president and chief administrative officer.

Dauman will report to Sumner M. Redstone, Viacom's executive chairman and founder. Dooley will report to Dauman.

"I've spent over 26 years at Viacom, 18 of them with Sumner," Freston said. "With my exceptional colleagues, we built a worldwide powerhouse of brands and businesses, literally from scratch. I leave many good friends knowing that they have an unmatched track record, a great plan going forward and incredible abilities to execute on it in this digital age. I have worked closely with Philippe Dauman and Tom Dooley over the years and have the highest respect for their abilities."

© 2006 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
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