After much speculation about the future of CEO Mel Karmazin at SiriusXM, a decision was made today. Karmazin told the Board of Directors that he’ll be leaving the satellite radio company February 1, 2013, when his current employment contract expires and after a transition period. All Access reports that the media executive will also step down from the Board of Directors.
In August, Liberty Media acquired additional shares of SiriusXM, in a bid to take over the company. Thus began Karmazin’s internal battle with his future of SiriusXM.
Read Karmazin’s statement after the jump