Dauman thanked Sumner Redstone for his career opportunities, including serving as chief executive for nearly 10 years. Dooley is expected to begin meeting with the five new board members, who were identified by Shari Redstone in June. Five veteran board members will step down this year or at the company’s annual meeting early next year. In the end, Dauman and other Viacom board members recognized that they did not have the staying power to battle Sumner Redstone and his determined daughter. Viacom Thomas Dooley was elected chief executive of Viacom on Thursday.

Source: Los Angeles Times August 18, 2016 23:52 UTC