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.
Longtime Fool contributor Rick Munarriz owns shares of Walt Disney. The Motley Fool recommends Apple and Walt Disney. The Motley Fool owns shares of Apple and Walt Disney. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.