Nov 9 (Reuters) – SiriusXM on Monday named board member Anjali Sud, the head of Fox-owned streaming service Tubi, as its CEO, turning to a digital media veteran to help reinvigorate growth as listeners shift away from satellite radio.
Here are more details:
• Sud, who will take over as CEO effective January 1, 2027, has been an independent director on SiriusXM’s board since March 2025 and will remain a member of the board following her appointment
• She succeeds Jennifer Witz, who is stepping down after almost 25 years at the company, including nearly six as CEO
• Witz will stay on in an advisory role through the end of 2027
• Sud has led Fox Corp’s Tubi since 2023 and previously was CEO of video platform Vimeo
• SiriusXM is the largest US satellite radio company but has struggled to chart its future as more listeners choose streaming
• SiriusXM reported third-quarter revenue of $2.15 billion last month, slightly below analysts’ estimate of $2.16 billion, according to data compiled by LSEG
(Reporting by Anzar Mehraj in Bengaluru; Editing by Aseem Gujar)
