S&P Global Market Intelligence presents a rundown of recent board changes in the U.S. technology, media and telecommunications industries.
* Carlyle Group LP, through its Carlyle Global Partners LP fund, completed the buyout of Crestview Partners LP's remaining stake in NEP Group Inc. The alternative asset manager is now the majority shareholder of the outsourced technical production company that supports premier content producers of live sports, entertainment, music and corporate events. Crestview, together with Carlyle and NEP's management, acquired a minority stake in the target company in June 2016. In line with the transaction, NEP added professional tennis player and EleVen and VStarr Interiors principal Venus Williams, as well as Matthew Coles and Patrick Wilson from Carlyle, to its board. NEP CEO Kevin Rabbitt will remain on the board and will serve as chairman, replacing co-founder Debra Honkus, who will become chairman emeritus, among other board changes.
* Richard Parsons resigned as a director and interim chairman of CBS Corp. for health reasons. Strauss Zelnick will assume Parsons' position as interim chairman of the company's board. Zelnick serves as CEO and board chairman at Take-Two Interactive Software Inc. Prior to this, Zelnick held management roles at Sony Corp. units Bertelsmann Music Group and Columbia Pictures.
* Boston-based private equity firm Great Hill Partners LP provided an undisclosed growth investment to Ikon Science Ltd., a developer of geoscience-based software technology used in reservoir characterization and production prediction. Great Hill Partners Managing Partner Christopher Gaffney and Vice President Eric Ahlgren will join Ikon Science's board.
* Zillow Group Inc. COO Amy Bohutinsky joined the company's board and will step down from her role as COO in January 2019. Bohutinsky, who joined the company in 2005, has been Zillow's COO since 2015 and has held several leadership positions within the company, including chief marketing officer from March 2011 to August 2015 and vice president of marketing and communications from September 2010 to March 2011.
* Telaria Inc. appointed Doug Knopper as a Class II director of the company. Knopper is a co-founder of FreeWheel Media Inc. and was its co-CEO from February 2007 to September 2017. FreeWheel was acquired by Comcast Corp. in 2014.
* Serge Dumont, vice chairman of Omnicom Group Inc. and chairman of Omnicom Asia Pacific Ltd., is leaving the company to increase his focus on philanthropic and investment activities. Dumont joined the Omnicom Group in 2006 as senior vice president and president, Asia-Pacific. He was appointed to his current position in June 2011.
* Augmented reality enterprise cloud software provider Imagination Park Entertainment Inc. appointed Jim Skippen chair of the board. Gabriel Napora, who Skippen replaced, will remain a member of the board. Skippen has been a member of the company's board since June this year.
* AMC Networks Inc. expanded the size of its board to 15 directors from 14 directors. The company also said Robert Wright resigned as a director and that it appointed Frank Biondi Jr. to serve as a member of the board. Biondi has served as senior managing director of investment adviser organization WaterView Advisors LLC since 1999.
* Professional Diversity Network Inc. appointed Lida Fang to the company's board. Meanwhile, Xianfang Liu resigned as a member of the board as well as from his membership in the board’s audit committee and nominating and corporate governance committee. Liu's resignation was not the result of any disputes with the company.
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