The board of directors of Sirius Satellite Radio has named Mel Karmazin as CEO. He succeeds Joe Clayton, who will remain at the satellite broadcaster as chairman of the board.

The board of directors of Sirius Satellite Radio has named Mel Karmazin as CEO. He succeeds Joe Clayton, who will remain at the satellite broadcaster as chairman of the board.

Karmazin served as president/COO of Viacom until earlier this year.

"The hiring of Mel Karmazin is the final piece in the turnaround of Sirius that began when I joined the company three years ago," Clayton says in a statement. "My contract was ending on Dec. 31, and I advised the board of directors that I was willing to stay on for a transitional period. When Mel left Viacom, we all felt we had a unique opportunity."

Karmazin states, "This is a perfect opportunity for me because I want to lead a growth company that can reshape the landscape of the radio business. I tookInfinity Broadcasting and Westwood One to leadership positions in the industry and am confident that Sirius will become a market leader in short order. I will inherit a first-class management group led by co-presidents Scott Greenstein and James Meyer."

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