MUMBAI: Satellite radio company Sirius XM Radio has named president of sales and operations James E Meyer as interim chief executive officer, with immediate effect.
As per reports, the New York company has stated that its search committee is looking at candidates from within the company including Meyer, and outside the company to fill the CEO post on a permanent basis.
Meyer will also become a board member succeeding Mel Karmazin, who resigned as CEO and from Sirius’ board of directors recently.
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Karmazin held the position of CEO since 2004, overseeing the 2008 merger between Sirius and its rival, XM Satellite Radio and then leading the combined company. The company had announced in October that Karmazin planned to step down in early 2013. Speculative reports claim that he would resign due to an expected takeover by Liberty Media Corp.
Meyer served as sales and operations president for over eight years and previously served as the president of management consulting company Aegis Ventures.
“We are fortunate to have a very strong executive team in place at Sirius XM and in Jim we have a highly qualified leader and operator,” said Sirius XM chairman of board of directors Eddy Hartenstein in a statement.
