SiriusXM CEO Jim Meyer retiring, will be replaced by Jennifer Witz


Satellite radio huge SiriusXM named Jennifer Witz to exchange its longtime main executive Jim Meyer, who will retire on Dec. 31.

Witz, the company’s president of revenue, advertising and operations, will be the to start with woman to maintain the prime position. Meyer, who held the part of CEO due to the fact 2013, mentioned his choice to retire has “long been in the will work.”

Meyer has just lately been in the news for trying to broker an agreement with Howard Stern to extend his contract. Negotiations have absent on for a number of months, with Meyer declaring as not long ago as past week that he is “optimistic” about the result.

Beneath Meyer’s reign as CEO, Sirius was able to develop subscribers to just in excess of 34 million as of June 30 and beef up the firm’s podcast supplying with the acquisition of Stitcher and Pandora in the very last two years.

Meyer will continue to be on Sirius’ board of administrators and provide as vice chairman soon after he retires.