SiriusXM Radio has announced that effective immediately, James E. Meyer will take over as Chief Executive Officer, on an interim basis. 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,” said Eddy Hartenstein, Chairman of the Board of Directors of SiriusXM, via a release. “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.”
Meyer has served as President of Sales and Operations since May 2004. Prior to joining SiriusXM, Meyer was President of Aegis Ventures, as well as 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.
“I’m honored to lead SiriusXM during this important time for our Company,” said Meyer. “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.”