Viacom said Thursday that it has named senior vice president, chief financial officer and chief administrative officer Thomas Dooley to the newly created position of chief operating officer.
Dooley, a long-time Viacom executive, also agreed to extend his employment agreement with the company to 2016. His previous agreement was set to expire in December 2011.
As COO Dooley will oversee Viacom's financial, legal, strategic planning, human resources, investor relations and communications activities. He will continue to work closely with Viacom CEO Philippe Dauman on setting Viacom's strategic and operational direction as well as with the operational teams in the company's media networks and motion picture divisions. Viacom's divisional CEOs will continue to report to Dauman. Dooley will serve as Viacom's CFO until a successor is named.
"Tom is an extraordinary executive with financial and operational experience that extends more than 30 years, the great majority of which he has spent here at Viacom," Dauman said in a statement. " Tom has also been my partner and friend for well over two decades and I could not be more delighted that he has agreed to extend our successful collaboration for the benefit of our entire organization and all Viacom shareholders."
Before being named to his most current role, Dooley served in a number of executive positions with Viacom, including deputy chairman with Dauman from 1996 to 2000. From 2000 to 2006 he and Dauman served as co-chairmen and CEOs of DND Capital Partners, a private equity firm specializing in media and telecommunications investments. He rejoined Viacom, along with Dauman in 2006 after CEO Tom Freston resigned.
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