Satellite radio giant SiriusXM said James Meyer will step down as CEO on Dec. 31 and serve as vice chairman, with Jennifer Witz, currently president, sales, marketing and operations, named CEO. AMC Networks' Sean Sullivan is becoming CFO. Details:
Satellite radio giant SiriusXM said Tuesday that CEO James Meyer will step down as CEO on Dec. 31 and become vice chairman.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."
Witz has been with SiriusXM for over 18 years, previously serving as executive vp and chief marketing officer. She has also held a variety of senior financial and operating roles. Before joining SiriusXM, she was vp of planning and development at Viacom after serving as vp of finance and corporate development at Metro-Goldwyn-Mayer. She began her career in the investment banking department at Kidder, Peabody & Co.
She also called Meyer"a mentor and a friend," adding that"the two of us will be joined at the hip over the next several months as we work closely to ensure a smooth transition."
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