Sumner Redstone to Step Down From Viacom Board

Fred Prouser/Reuters

Sumner Redstone, executive chairman of CBS Corp. and Viacom, in Los Angeles December 11, 2012.

Sumner Redstone will give up his voting role on the board of Viacom Inc. following the company’s upcoming annual gathering. The 93-year-old mogul, whose health has rapidly deteriorated in recent years, will continue to attend meetings and retain his title after the Feb. 6 shareholder meeting. This past February, Redstone gave up his title as chairman of Viacom, now holding the title of chairman emeritus.