Karmazin out early at Sirius XM
December 20, 2012
Sirius XM Radio has appointed James E. Meyer as its interim chief executive officer as Mel Karmazin steps down from the top spot earlier than expected.
Meyer has been Sirius’s president of operations and sales since 2004, and will serve as CEO while the company, which is in the midst of a takeover by Liberty Media, searches for a permanent replacement.
Karmazin took over Sirius in 2004, and in October announced that he would leave on February 1st. But the filing said that he had resigned as chief executive and also left the board.
Liberty, which began the year with 40 per cent ownership of Sirius, has spent much of the year buying up shares on the open market to take over the company.