Sirius XM Radio (NASDAQ:SIRI) announced on Monday that Jim Meyer will be its permanent CEO. Meyer was tapped as interim helmsman at the satellite radio provider after Mel Karmazin stepped down late last year.
The transition from a charismatic visionary to a seasoned operations guy is familiar. We saw it at Disney (NYSE:DIS) when Michael Eisner was replaced by Bob Iger. We saw it two years ago when Tim Cook followed Steve Jobs at Apple (NASDAQ:AAPL).
The Disney hand-off has been applauded by the market, and the family entertainment giant hit a fresh all-time high recently. Apple's transition, on the other hand, has come under fire since the stock peaked last year.
How will the Meyer appointment pan out?
In this video, longtime Fool contributor Rick Munarriz explores why Meyer as CEO will be the right call for Sirius XM.