Richard Parsons Steps Down as CBS Chairman; Strauss Zelnick to Take Role

Media entrepreneur Strauss Zelnick replaced Richard Parsons as the chairman of the CBS Corp. board of directors Sunday, an unexpected switch that takes place as the venerable media company seeks to remake itself after the recent controversial ouster of former CEO Leslie Moonves.

Parsons cited health reasons for his decision to step down. “As some of you know, when I agreed to join the board and serve as the interim chair, I was already dealing with a serious health challenge – multiple myeloma – but I felt that the situation was manageable. Unfortunately, unanticipated complications have created additional new challenges, and my
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