Richard D. Parsons

Richard D. Parsons has served as a Director of Lazard since June 2012 and has served as Lead Independent Director since February 2018. He is Chair of the Workplace and Culture Committee and a member of the Compensation Committee and the Nominating & Governance Committee of the Board of Directors.

Mr. Parsons is a co-founder and partner of Imagination Capital LLC, a venture capital firm launched in November 2017, and has been a senior advisor to Providence Equity Partners LLC since September 2009.

Mr. Parsons is a member of the board of directors of The Estée Lauder Companies Inc. and The Madison Square Garden Company. From September 2018 to October 2018, Mr. Parsons served as the interim Chairman of the board of directors of CBS Corp. From May 2014 to September 2014, Mr. Parsons served as the interim Chief Executive Officer of the Los Angeles Clippers.

Mr. Parsons previously served as Chairman of the board of directors of Citigroup Inc. from February 2009 through April 2012, and had served as a director of Citigroup Inc. since 1996. From May 2003 until his retirement in December 2008, Mr. Parsons served as Chairman of the board of directors of Time Warner Inc., and from May 2002 until December 2007, Mr. Parsons served as Chief Executive Officer of Time Warner Inc. Mr. Parsons was formerly Chairman and Chief Executive Officer of Dime Bancorp, Inc.

Among his numerous community and nonprofit activities, Mr. Parsons is Chairman Emeritus of the Partnership for New York City and Chairman of the Jazz Foundation of America. Mr. Parsons also serves on the board of directors of the Commission on Presidential Debates and the Apollo Theatre Foundation.

Effective December 31, 2024, Richard D. Parsons will step down from the role of Lead Independent Director. Read our press release under News & Announcements.