Viacom Inc. (VIAB:US), owner of the Paramount film studios and cable networks such as Nickelodeon and MTV, is adding TV journalist Deborah Norville and World Economic Forum adviser Cristiana Falcone Sorrell to its board.
The changes will increase the size of the board to 13 members from 11, the company said today in a statement. Norville, 54, is the anchor of “Inside Edition,” a syndicated news show. Falcone Sorrell, 40, is the wife of WPP Plc (WPP) Chief Executive Officer Martin Sorrell and serves as a senior adviser to the chairman of the World Economic Forum, a group known for its Davos summit of world leaders.
“Cristiana’s experience across global economies and her track record of launching innovative development campaigns and Deborah’s depth of knowledge based on her exceptional career in the media industry will provide important ongoing guidance and perspective,” Sumner Redstone, executive chairman of New York- based Viacom, said in the statement.
Viacom’s governance committee is continually evaluating candidates and seeking to improve diversity, said Mark Jafar, a spokesman for the company. Until now, the board only had two female directors, including Redstone’s daughter Shari.
“This was an opportunity to add to the experience and diversity of the board,” Jafar said.
Viacom shares fell less than 1 percent to $61.24 at the close in New York. The stock has climbed 16 percent this year.
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