Viacom’s interim CEO and President Tom Dooley will be leaving the company after November 15. The departure was announced after a board meeting Wednesday.
He was promoted from COO to interim CEO upon the resignation of former CEO Philippe Dauman. He would have stepped down from the role of CEO when a replacement was found, but instead is leaving company entirely.
Sumner Redstone, who is the company’s controlling shareholder, has been in poor health for several years. He and his daughter, Shari Redstone the non-executive vice chair of Viacom were previously estranged but are back in each other’s lives. She was accused her of taking advantage of her father’s poor health and grabbing for control of Viacom.
The dispute was resolved on August 18 when Viacom’s board voted on a settlement, which resolved numerous lawsuits and countersuits between the two sides.
As part of the resolution Dauman resigned immediately and Dooley took over. The Viacom board, which has five new members appointed by the Redstones, will decide on succession plans.