XM Satellite Radio Holdings CEO resigns

07/25/07 - newratings.com

NEW YORK, July 25 (newratings.com) – XM Satellite Radio Holdings Inc (XMSR) Tuesday announced the departure of its chief executive Hugh Panero in August.

Washington-based XM Satellite Radio Holdings did not offer any details of the reason for Panero’s departure, a move that comes at a time when the approval for the company’s proposed merger with rival Sirius Satellite Radio is being considered by US regulatory agencies. XM Satellite Radio Holdings added that its president and chief operating officer Nate Davis would take over as interim CEO of the company.