XM Names Nate Davis Pres./COO

XM SATELLITE RADIO names former COLUMBIA CAPITAL Executive in Residence NATE DAVIS to the new post of President and COO. DAVIS' background also includes serving as Pres./COO at XO COMMUNICATIONS, EVP at NEXTEL, CFO at MCI TELECOMMUNICATIONS, and Pres./COO at MCImetro.

XM CEO HUGH PANERO says that "I know first hand the kind of action-oriented, business leadership that NATE will bring to his new role. "He has a deep understanding of our business as a member of our Board of Directors since 1999. He has a truly impressive track record in operational management and a unique background in finance, technology, and launching new and innovative products. I can't think of anyone better qualified to help take XM to the next level."

DAVIS adds that "I am passionate about XM and the wonderful content it delivers to its subscribers. I look forward to working even more closely with HUGH and the dynamic management team that created this industry. While there are near term operational challenges to work through, the growth opportunities in front of us are tremendous."

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