Satellite radio giant SiriusXM said Tuesday that CEO James Meyer will step down as CEO on Dec. 31 and become vice chairman. Jennifer Witz, currently president, sales, marketing and operations, will succeed him as CEO.
The company also said it has hired Sean Sullivan, currently CFO of AMC Networks,as executive vp and CFO, effective Oct. 26, succeeding David Frear who "will be pursuing other opportunities." At the virtual Goldman Sachs Communacopia Conference on Tuesday, Meyer said he had given the board "plenty of notice" about his move and said Witz was "ready" and selected after a "rigorous" search internally and externally, adding that he had promoted her numerous times over the years.
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