Sirius XM Radio has tapped James Meyer as its interim chief executive officer while the search for a permanent replacement for Mel Karmazin continues.
Meyer, currently president of sales and operations, has been with the satellite radio broadcaster since 2004. He will also take Karmazin's spot on the Sirius XM board of directors.
Karmazin, who announced his plans to resign earlier this fall, had said he would stay with Sirius XM until February. However, with the appointment of Meyer, Karmazin's resignation as CEO and board member takes effect immediately.
"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 in a statement. Hartenstein is also the chief executive of Los Angeles Times parent Tribune Co.
Liberty Media, which is the largest shareholder in Sirius XM, has created a search committee to find a replacement for Karmazin.ALSO:
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