Confirmed: SiriusXM Names James Meyer Interim CEO
December 19, 2012 at 6:56 AM (PT)
As tipped earlier (NET NEWS, 12/12), SIRIUSXM RADIO has promoted JAMES E. MEYER to Interim CEO, effective immediately. Previously Pres./Sales and Operations, MEYER succeeds MEL KARMAZIN, who will not be renewing his current employment agreement. MEYER will also join the SIRIUSXM Board of Directors.
"We are fortunate to have a very strong executive team in place at SIRIUSXM and in JIM we have a highly qualified leader and operator," SIRIUSXM Chairman of the Board of Directors EDDY HARTENSTEIN said. "JIM has been an integral part of SIRIUSXM for eight years and his extensive knowledge of SIRIUSXM's business and significant industry experience are a great asset. Given JIM's current position, we expect this will be a seamless transition. Thanks to MEL KARMAZIN's leadership, strategic vision and operating focus, SIRIUSXM is poised for a continuation of the results and performance investors have come to expect."
"I'm honored to lead SIRIUSXM during this important time for our Company," MEYER said. "SIRIUSXM is a great business and I look forward to working with our talented management team to continue to deliver the best content and service to our subscribers, while enhancing value to our shareholders."
Meanwhile the SIRIUSXM Board has formed a search committee, chaired by GREG MAFFEI and including JAMES MOONEY and EDDY HARTENSTEIN, to consider both internal and external candidates, including MEYER, for its next CEO.