Viacom said Thursday that it has extended its employment agreement with executive vice president and chief operating officer Tom Dooley two years through Dec. 31, 2018. His previous deal was set to expire on Dec. 31, 2016.
Dooley is a veteran of the media conglomerate and has been a trusted lieutenant of executive chairman and CEO Philippe Dauman.
“Tom is an outstanding executive with a history of remarkable accomplishment at Viacom,” Dauman said in the statement. “He has done an excellent job in helping to reorient Viacom’s operations to succeed in the changing media environment, spearheading the creation of the industry’s best-in-class data-focused advertising products, and driving effectiveness and efficiency throughout the company. His continued leadership by my side will be a key factor in Viacom’s success in the years ahead.”
Dooley was named chief operating officer of Viacom 2010 and has served on Viacom’s Board since 2006. Prior to becoming COO, Dooley was served as chief administrative officer in 2006, adding the title of chief financial officer in 2007. Previously, Dooley was Deputy Chairman of the former Viacom Inc., a predecessor of the Company, and also served as a member of the Board of that company from 1996 to 2000. He first joined Viacom in 1980.