Joseph Ianniello, the company’s deputy chief financial officer, is tapped to replace Fred Reynolds who is retiring from the company.
Joseph Ianniello has been elected by the CBS Corp. board of directors to be executive vice president and chief financial officer, effective July 20.
Ianniello has been the company’s deputy chief financial officer since November 2008. He will succeed Fred Reynolds, who earlier announced his decision to step down as chief financial officer on July 20 and to retire from the company on Aug. 15.
In this new position Ianniello will oversee all financial operations of CBS. As deputy chief financial officer, he has been responsible for the company’s financial strategy across its operations, in addition to worldwide treasury, tax, information systems, technology, corporate development — including mergers and acquisitions — and risk management. Before that Ianniello was senior vice president, chief development officer and treasurer.
Prior to the separation of CBS and Viacom Inc., Ianniello held several key roles at Viacom, including senior vice president and treasurer (2005) and vice president of corporate development (2000-05), where he was involved in identifying and assessing potential mergers and acquisitions for the company.
Prior to joining Viacom, Ianniello held a variety of financial positions at CBS (1997-2000), including posts in financial planning, investor relations and internal audit. Before joining CBS, Ianniello spent seven years with KPMG in various capacities.
Ianniello is a graduate of Pace University (bachelor’s of business administration) and Columbia University (master’s of business administration).