On Wednesday, Sirius XM Radio (NASDAQ:SIRI) announced it has promoted President of Sales and Operations James E. Meyer to the position of interim Chief Executive Officer, effective immediately. Meyer succeeds current CEO Mel Karmazin, who resigned as CEO and also resigned from Sirius' board of directors today.

Meyer also joins the board.

Sirius XM is still in search of a permanent CEO, and says it is considering both external and internal candidates, including Meyer, for the position. Meyer, who has served as sales and operations president for the past eight-and-a-half years, previously served as President of management consulting company Aegis Ventures.


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