NEW YORK, January 5, 2007 — Wade Davis has been appointed Senior Vice President
of Strategy, Mergers and Acquisitions for Viacom Inc. (NYSE: VIA and VIA.B), it
was announced today by Philippe Dauman, President and Chief Executive Officer
of Viacom. In the newly created role, Mr. Davis will be responsible for strategic
planning, business development, identifying and assessing potential mergers and
acquisitions, managing Viacom's interactions with the banking and investment
communities on strategic transactions, and leading the execution of resulting
transactions. He will report to Thomas E. Dooley, Senior Executive Vice President,
Chief Administrative Officer and Chief Financial Officer of Viacom.
Mr. Davis, who was formerly Senior Vice President of Mergers and Acquisitions
for Viacom, assumes the additional duties of strategic planning and business
development, activities that were directed previously at Viacom by Bob Bakish.
Mr. Bakish was recently appointed President of Viacom's MTV Networks International
Since joining Viacom in December 2005 as Senior Vice President of Mergers and
Acquisitions, Mr. Davis has overseen the Company's acquisition of DreamWorks
SKG, as well as the purchase of numerous digital businesses, including Atom
Entertainment, Harmonix, Y2M and Xfire.
“Viacom has made a number of very important acquisitions over the last
year, and Wade has been instrumental in identifying and bringing those businesses
in-house. His newly expanded responsibilities are not only recognition of these
important contributions, but also a testament to his leadership abilities and
his significant untapped potential as a strategic advisor,” Mr. Dauman
said. “Tom and I will continue to rely on Wade's M&A experience,
as well as his strong strategic view of emerging markets, as we assess how to
best take advantage of the many growth areas available to Viacom in the burgeoning
Prior to joining Viacom, Mr. Davis was an investment banker in the technology
and media sectors for more than a decade. Mr. Davis was formerly a Managing
Director, Co-Head of Investment Banking and Head of Mergers & Acquisitions
at ThinkEquity Partners. Before joining ThinkEquity in March 2002, Mr. Davis
was a Managing Principal of Lazard Venture Advisors, LP, and a Vice President
of Lazard Frères & Co. in their Technology, Media and Telecommunications
M&A Group. Prior to joining Lazard in March 1999, he was one of the founding
members of Wasserstein Perella & Co.'s Technology M&A Group in
San Francisco. As an investment banker, Mr. Davis has advised clients including
Yahoo!, Reuters, Microsoft, Telefònica, Young & Rubicam Inc., IBM,
Electronic Data Systems, Capgemini, Samsung and Alcatel on transactions with
an aggregate value of more than $40 billion.
Mr. Davis has been active in the reform of public education and is currently
Chairman of the Board of AdvancePath Academics, a firm that operates technology-based
centers that recover and educate high school dropouts.
Mr. Davis holds degrees with distinction and honors in both philosophy and
economics from Williams College.
Viacom is a leading global entertainment content company, with prominent and
respected brands in focused demographics. Engaging its audiences through television,
motion pictures and digital platforms, Viacom reaches its audiences wherever
they consume content. Viacom's leading brands include the multiplatform
properties of MTV Networks, including MTV, VH1, Nickelodeon, Nick at Nite, Comedy
Central, CMT: Country Music Television, Spike TV, TV Land, Logo and more than
130 networks around the world, as well as digital assets such as Neopets, Xfire
and Atom Entertainment; BET Networks; Paramount Pictures; Paramount Home Entertainment;
DreamWorks; and Famous Music. More information about Viacom and its businesses
is available at www.viacom.com.
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