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Viacom has signed Philippe Dauman to a new long-term contract, securing the services of its president and CEO through December 2016.
Dauman’s previous employment agreement was set to expire at the end of 2011. In a statement released Thursday, Viacom credited Dauman’s “strong operational and financial leadership” as a determining factor in the decision to offer him a new contract.
A longtime confidant of Viacom executive chairman Sumner Redstone, Dauman officially began punching the clock in 1993, when he joined the company as chief counsel and a deputy chairman.
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