Today, SiriusXM announced that it will retain Jim Meyer as the CEO of the company, effective immediately. Meyer has been serving in the role of interim CEO since December of 2012. Prior to that, he was the President of Sales and Operations for Sirius, a post he had held for eight years.
Along with announcing the move to retain Meyer in the CEO role, SiriusXM also announced first quarter earnings for 2013. The company announced a revenue of $897 Million, up 12% from their 2012 figures. Sirius’s net income for the quarter was $124 million, a $16 million increase, and their adjusted EBIDTA reached $262 Million, up 26% from the previous year.
“SiriusXM’s first quarter results show a continuation of our trend of strong, profitable growth,” Meyer said regarding the company’s results.
Via All Access