Shari Redstone, the president of National Amusements, said, "We thank Philippe for his many years of dedicated service and the important role he has played at Viacom. We also welcome the new board members who join us today. By strengthening Viacom's governance and leadership, these changes will enable the company to embark swiftly on a strategy that strengthens its position as an industry leader. Viacom has extraordinary assets and people, and we look forward to taking the necessary steps to realize the company's full potential to the benefit of all stockholders."