named Richard Bressler chief financial officer and senior executive vice president, confirming
recent speculation about the future of the post.
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Bressler will begin his term as financial chief on May 1, the entertainment company said Monday. He succeeds Fredric Reynolds, who has been named president of Viacom's
CBS Television Stations
Most recently, Bressler was the executive vice president and head of investments for
AOL Time Warner
In recent trading on the
New York Stock Exchange
, Viacom gained $1.15, or 2.7%, to $43.75. AOL rose $1.25, or 3.2%, to $40.77.