XM Radio 2011 Annual Report Download - page 19

Download and view the complete annual report

Please find page 19 of the 2011 XM Radio annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 132

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132

Name Age Position, Principal Occupation, Business Experience and Directorships
Mel Karmazin ........ 68 Mr.Karmazin has served as our Chief Executive Officer and a member of our
board of directors since November 2004. Prior to joining us, Mr. Karmazin was
President and Chief Operating Officer and a member of the board of directors of
Viacom Inc. from May 2000 until June 2004. Prior to joining Viacom,
Mr. Karmazin was President and Chief Executive Officer of CBS Corporation
from January 1999 and a director of CBS Corporation from 1997 until its merger
with Viacom in May 2000. He was President and Chief Operating Officer of
CBS Corporation from April 1998 through December 1998. Mr. Karmazin joined
CBS Corporation in December 1996 as Chairman and Chief Executive Officer of
CBS Radio and served as Chairman and Chief Executive Officer of the CBS
Station Group (Radio and Television) from May 1997 to April 1998. Prior to
joining CBS Corporation, Mr. Karmazin served as President and Chief Executive
Officer of Infinity Broadcasting Corporation.
Key Attributes, Experience and Skills:
Mr. Karmazin has spent his career in the media and entertainment industry, with
particularly relevant experience in radio. Mr. Karmazin’s expertise in general
management, finance and strategic planning is extremely valuable; in particular,
his radio experience and his skills in the areas of revenue maximization, cost
control, music and talk programming as well as government, public and investor
relations position him uniquely to serve as a director. As our Chief Executive
Officer, Mr. Karmazin provides the board not only with knowledge of our daily
workings, but also with the essential experience, insight and expertise that can be
provided only by a person who is intimately involved in running our business.
Name Age Position, Principal Occupation, Business Experience and Directorships
James F. Mooney ..... 57 Mr.Mooney has been a director since July 2003. Mr. Mooney is a director and
chairman of the board of directors of Virgin Media Inc., a U.K. entertainment
and communications business, and has served in that role since March 2003.
From December 2004 to December 2007, Mr. Mooney was the chairman of the
board of directors of RCN Corporation, a provider of bundled telephone, cable
and high speed internet services. From April 2001 to September 2002,
Mr. Mooney was the Executive Vice President and Chief Operating Officer of
Nextel Communications Inc., a provider of wireless communications services.
From January 2000 to January 2001, Mr. Mooney was the Chief Executive
Officer and Chief Operating Officer of Tradeout Inc., an asset management firm
owned jointly by General Electric Capital, Ebay Inc. and Benchmark Capital.
From March 1999 to January 2000, Mr. Mooney was the Chief Financial Officer/
Chief Operating Officer at Baan Company, a business management software
provider. From 1980 until 1999, Mr. Mooney held a number of positions with
IBM Corporation, including Chief Financial Officer of the Americas. Mr.
Mooney is a member of the board of directors of Sidera Networks, LLC, a
provider of high capacity communications services to carrier and enterprise
customers.
Key Attributes, Experience and Skills:
Mr. Mooney has had a varied career in industries ranging from computer
products to telecommunications. His diverse experience is very useful in our
business and budget planning process, in analyzing subscriber growth and its
trends and subscriber churn, assessing marketing opportunities, evaluating
personnel and compensation, assessing financing alternatives, and assessing and
evaluating our long-term business plans.
9