Viacom hunts for new boss as interim chief executive Tom Dooley steps down
Viacom's interim chief executive Tom Dooley has stepped down, with a source close to the situation informing Reuters that the company will look both internally and externally for a replacement.
Viacom hunts for new boss as interim chief executive Tom Dooley steps down
The media giant, which owns the likes of MTV, Comedy Central and Nickelodeon has confirmed that Dooley will be leaving in November. His departure follows on from a high-profile power struggle between controlling shareholders Sumner Redstone, the firm's board and former chief executive Philippe Dauman who exited the company under a $72m payoff.
Though it has since been resolved, the fight over Redstone’s empire kicked off in May, when the media owner ousted two of his former confidantes, including Dauman and George Abrams. The decision removed both men from the trust that will control his affairs when he dies or is declared incompetent.
Longtime senior executive Dooley was brought in to replace Dauman just last month but it has been claimed he didn't want to stay in the temporary position. Reuters reports that internally chief financial officer Wade Davis and Viacom's head of international business have been rumored as potential replacement candidates.