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Sirius Splits President’s Role, Clayton Remains CEO

5/07/2004 12:32:00 PM Eastern

New York — In an effort to streamline its operations, Sirius Satellite Radio president and CEO Joe Clayton will relinquish his post as president and that psoition will be divided into two, president of operations/sales and president of entertainment and sports.

Clayton will remain CEO and both new appointees - James Meyer, president of operations and sales and Scott Greenstein, president of entertainment and sports - will report directly to Clayton, Sirius said.

Meyer has held senior management positions at companies including Thomson Multimedia, RCA and General Electric. Greenstein was previously chairman of USA Films, a motion picture production; marketing and distribution company which released Steven Sodebergh’s "Traffic." Other USA films include Gosford Park and Being John Malkovich.

Clayton said of the reorganization, "We’re melding technology and entertainment." Of his new executives he said, "I feel like I’m a manager in the NFL draft and I just got two number one draft picks."

The Sirius restructuring, he said, is an inevitable result of growth, as the company develops strategic alignments with an increasing number of partners including NFL, Penske and RadioShack. "This list is growing and we need seasoned executives to be able to work in conjunction with our partners," Clayton said,

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