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The Chief Executive Officer of Liberty Media (NASDAQ:LMCA), Greg Maffei recently talked about Sirius XM Radio (NASDAQ:SIRI), noting that the company is performing well under its new CEO Jim Meyer. He stated that, Meyer “has picked up the baton very well and is running with it.” Maffei who is on the board of Sirius was in charge of heading the search for a new CEO.
It was just last month that Liberty Media, which is controlled by the billionaire investor John Malone, got control of Sirius after nearly a year of buying up stock on the open market. Early this month, the company made its first earnings announcement, since Jim Meyer took over as the company’s interim chief executive. Meyer replaced Mel Karzamin, who had been the long term chief.
Originally, Karzamin was supposed to step down in February, but plans changed in mid-December when it was announced that the Meyer was going to take over much sooner. Karzamin who had been CEO of the company since 2004 decided he was not going to renew his contract.
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