Updated: CBS Exec Fred Reynolds to Retire

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Longtime CBS executive Fred Reynolds announced Monday (June 22) he will retire from the company effective Aug. 15, 2009. He will be succeeded by Joseph Ianniello, who has served as deputy chief financial officer since Nov. 2008.

Reynolds will step down from his current position as chief financial officer July 20, but continue as executive vp until his last day with the company.

“Joe has been my financial partner on virtually every crucial transaction of this company over the past several years,” said Reynolds.

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