Mr. Meyer, currently SiriusXM President of Sales and Operations, succeeds Mel Karmazin and will join the SiriusXM Board of Directors.

"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," SiriusXM Board of Directors Chairman Eddy Hartenstei said in a statement. "Jim has been an integral part of SiriusXM for eight years and his extensive knowledge of SiriusXM’s business and significant industry experience are a great asset. Given Jim’s current position, we expect this will be a seamless transition.