Viacom's

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Television Station Group named Tom Kane chief executive, succeeding Fred Reynolds, who will take over as chief financial officer of the new CBS once its split from Viacom is finalized.

The move was announced by Viacom co-CEO Les Moonves, who is set to become CBS chief. Kane, previously sales president for the group, will now oversee operations at the company's 40 local TV stations and report to Moonves.

"Tom Kane is a consummate professional whose experience in local television, both as a general manager and in sales, has benefited us greatly since he joined our group two years ago," said Moonves in a statement. "The positive growth at CBS and UPN continues to provide great advantages for us at the local level, and I'm counting on Tom to seize those opportunities to improve our positions in all the markets where we compete."

Dennis Swanson will continue as chief operating officer of the group.

The Viacom Television Stations Group consists of 21 CBS, 16 UPN, one WB and two other stations unaffiliated with a major network.