Satnews Daily
December 14th, 2012

SiriusXM... Moving On Up, At Least Temporarily (Business)

[SatNews] Sirius XM Radio (NASDAQ: SIRI) has announced that James E. Meyer has been appointed...

...Chief Executive Officer, on an interim basis, effective immediately. Mr. Meyer, SiriusXM's President of Sales and Operations, succeeds Mel Karmazin, who, as previously announced, informed the Board of Directors that he will not be renewing his current employment agreement. Mr. Meyer will also join the SiriusXM Board of Directors. As previously announced, 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 Mr. Meyer, for the Company's next Chief Executive Officer. Mr. Meyer has served as President of Sales and Operations since May 2004. Prior to joining SiriusXM, Mr. Meyer was President of Aegis Ventures, a general management consulting company, and provided consultant support for SiriusXM. Before Aegis, he held a number of senior management positions in consumer electronics, including the Senior Executive Vice President of Digital Media Solutions for Thomson, a worldwide leader in consumer electronics. Upon Mr. Meyer's appointment, Mr. Karmazin relinquished his role as Chief Executive Officer and resigned as a member of the SiriusXM Board of Directors.