Richard Parsons Resigns as Interim Chairman of CBS Due to Illness

Richard Parsons is stepping down as interim chairman of CBS Corp. due to illness, according to the company.

Parsons became the interim chairman of CBS last month following the resignation of former chairman and CEO Leslie Moonves, who stepped down amid multiple sexual misconduct allegations.

Facing complications from cancer, Parsons said in a statement that his doctors told him “cutting back on my current commitments is essential to my overall recovery.”

Strauss Zelnick, the CEO and chairman of Take-Two Interactive Software Inc., will be Parsons’s replacement, effective immediately.

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SOURCE: USA Today, Ben Tobin