NEW YORK - Sirius XM Holdings Inc. (NASDAQ: SIRI), a leading audio entertainment company in North America with a market capitalization of $22.4 billion, has announced the appointment of Anjali Sud to its Board of Directors. The company, which maintains a "GREAT" financial health rating according to InvestingPro analysis, has shown strong financial performance with annual revenues of $15.2 billion. Sud, the current CEO of Tubi, brings extensive experience in media, technology, and entertainment to the SiriusXM Board.
Sud’s career includes her role as CEO of Vimeo, where she led the company’s transition to a public entity and cultivated a community of over 300 million users. Her leadership at Tubi has seen the service grow to 97 million monthly active viewers and expand its global presence. Sud’s expertise is expected to contribute significantly to SiriusXM’s strategic direction and growth, particularly as the company maintains healthy profit margins of 36.6% and demonstrates strong operational efficiency with a return on equity of 20%.
Jennifer Witz, CEO of SiriusXM, praised Sud’s track record and expressed confidence that her insights will be valuable to the company’s future endeavors. Sud herself expressed enthusiasm about joining SiriusXM’s Board, citing the company’s influence in the audio landscape and her eagerness to support its continued financial success. According to InvestingPro data, the company currently appears undervalued based on its Fair Value analysis, with multiple additional insights available to subscribers through comprehensive Pro Research Reports covering 1,400+ top stocks.
The announcement coincides with the resignation of James E. Meyer, Vice Chairman of the Board, who has been with SiriusXM since 2004 and served as CEO from December 2012 to December 2020. Meyer expressed pride in the company’s achievements and his continued support as a subscriber.
Witz acknowledged Meyer’s significant contributions to SiriusXM, thanking him for his commitment and guidance over the years.
The information in this article is based on a press release statement from Sirius XM Holdings Inc.
In other recent news, Fox Corporation has announced plans for a new streaming service, which will be led by Pete Distad, a former executive at Apple TV+. CEO Lachlan Murdoch highlighted the company’s strategy to cater to "cord cutters" by making Fox News, Fox Sports, and their entertainment network accessible through both traditional cable and direct-to-consumer services. The new service aims to attract mid single-digit millions of subscribers and is expected to launch in time for the upcoming fall football season. Additionally, Fox Sports reported a record 126 million viewers for the Super Bowl, marking the highest viewership in U.S. history.
In executive news, Fox Corporation appointed John Nallen as President and Chief Operating Officer. Nallen, who has been with the company for over two decades, will continue his leadership under a new long-term employment agreement through June 2028. His previous roles included serving as Chief Financial Officer for 21st Century Fox before the spinoff that established Fox Corporation. Lachlan Murdoch praised Nallen’s strategic vision and contributions to the company’s operational success. These developments reflect Fox Corporation’s ongoing efforts to adapt and grow within the evolving media landscape.
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