Sep 25, 2018 - Economy

CBS names Richard Parsons as interim chairman to replace Moonves

Richard 'Dick' Parsons. Photo: David A. Grogan/CNBC/NBCU Photo Bank via Getty Images

CBS has tapped Richard Parsons to serve as the board's interim chairman following the departure of longtime leader Les Moonves who was accused of sexual misconduct by multiple women, the Associated Press reports.

The details: Parsons was one of five added to CBS' board this month as an investigation into Moonves' actions continues, per the AP. He formerly served as a chairman of Time Warner and Citicorp. Two current board members are also stepping down.

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