Les Moonves Out At CBS After Harassment Allegations

Les Moonves, chairman and CEO of CBS Corporation, faces accusations of sexual harassment from at least 12 women.

Chris Pizzello / Invision/AP File

Updated at 10:50 a.m. ET Monday

Les Moonves has stepped down as the chairman, president and CEO of CBS Corporation, after 12 women accused him of sexual misconduct that spanned decades in two reports published in The New Yorker.

CBS made the announcement in a statement on Sunday, saying that Moonves’ departure was “effective immediately.” The company’s chief operating officer, Joseph Ianniello, will serve as president and and acting CEO until a permanent replacement is found, according to the statement.