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DirecTV President and CEO Mitch Stern Resigns; Chase Carey, President and CEO of DirecTV Group, Takes Over |
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EL SEGUNDO, Calif., March 8, 2005/Satnews Daily/ — Mitch Stern, president and CEO of DirecTV, Inc. has resigned and will leave the company effective Monday.
DirecTV said Chase Carey, president and CEO of the DirecTV Group will oversee day-to-day operations of DirecTV. DirecTV added it does not intend to replace Stern, who joined the company in December 2003.
"Serving as DirecTV's president was very rewarding and I am very proud of all that we accomplished in the last year," said Stern. "DirecTV is a great success story and a fabulous business with a very promising future. While it was exciting to be part of such a dynamic organization, the time was right for me to move on."
Carey was named president and CEO of The DirecTV Group in December 2003. Under Carey's leadership, The DirecTV Group has sold its non-core assets and is focused on its satellite television businesses in the United States and Latin America. Carey serves as a director on the boards of The DirecTV Group and News Corp.
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