- Mr. Anthony Viner nominated by Board of Directors to succeed Mr. Bitove as Chairman
- Mr. Bitove to remain on the Board as a Director of the Company
TORONTO, Oct. 30, 2014 /CNW/ - Sirius XM Canada Holdings Inc. ("SiriusXM Canada" or the "Company") (TSX: XSR), parent of Sirius XM Canada Inc., today announced that Mr. John Bitove will step down from his role of Chairman of the Board at the Company's next Annual Meeting in January 2015. At that time, Mr. Bitove will run for election as a Director of the Company. The Board has nominated Mr. Anthony (Tony) Viner, current member of the Board of Directors and Audit Committee Chair, and former President of Rogers Media, to succeed Mr. Bitove as Chairman.
"It is hard to believe when we started the process of bringing satellite radio to Canada in 2002 that one day we would grow from zero to 2.6 million subscribers, have more than 15 percent market share of national radio revenues and be one of Canada's strongest and fastest growing media companies," said Mr. John Bitove, Chairman of the Board of Directors, Sirius XM Canada Holdings Inc. "I have enjoyed being in a leadership role with XM and then SiriusXM, after the merger, for the past 12 years. I look forward to continuing to help SiriusXM Canada capitalize on the opportunities in the Canadian audio entertainment market."
Mr. Bitove continued: "I am excited to have Tony take on the role of Chairman. His extensive experience and deep understanding of the broadcast and media industries will serve as strong assets, as the Company works to deliver continued growth and further enhance shareholder value."
Mr. Viner joined the SiriusXM Canada Board of Directors in June 2011. He has more than 30 years of experience in the Broadcasting and media industry and has held senior executive roles at public companies. Mr. Viner served as President of Rogers Media Inc. from 1994 until 2010. From 1989 to 1993, Mr. Viner was Chief Executive Officer of Rogers Broadcasting Ltd. From 1992 to 1995, Mr. Viner served as Senior Vice President, Broadcasting of RCI. Mr. Viner joined Rogers Broadcasting Ltd. as Executive Vice President and General Manager of CFTR/CHFI in February 1982.
The Company also announced the new appointments of Christine Magee as Chair of the Audit Committee and Chair of the Corporate Governance Committee, as well as the re-appointment of Guy Johnson as Chair of the Compensation Committee, effective their re-election to the Board at the Company's AGM in January 2015.
Certain statements included above may be forward-looking in nature. Such statements can be identified by the use of forward-looking terminology such as "expects," "may," "will," "should," "intend," "plan," or "anticipates" or the negative thereof or comparable terminology, or by discussions of strategy. Forward-looking statements include estimates, plans, expectations, opinions, forecasts, projections, targets, guidance, or other statements that are not statements of fact, including with respect to the payment of dividends in the future and future performance. Although SiriusXM Canada believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct, including with respect to the ability of the Company to pay dividends in the future, the redemption of Sirius XM Canada's 5.625% Senior Unsecured Notes, and the terms, timing and conditions of any refinancing of such notes. SiriusXM Canada's forward-looking statements are expressly qualified in their entirety by this cautionary statement. SiriusXM Canada makes no commitment to revise or update any forward-looking statements in order to reflect events or circumstances after the date any such statement is made, except as required by applicable law. Additional information identifying risks and uncertainties is contained in Sirius XM Canada Holdings Inc.'s filings with the Canadian securities regulators, available at www.sedar.com.
About SiriusXM Canada
Sirius XM Canada Holdings Inc. (TSX: XSR) operates as SiriusXM Canada. SiriusXM Canada, with more than 2.6 million subscribers, is the country's leading audio entertainment company and broadcasts more than 120 satellite radio channels featuring premier sports, news, talk, entertainment and commercial-free music. SiriusXM Canada offers an array of content from the most recognized news, entertainment and major sports brands including the NHL, NFL, NBA, NASCAR, CNN, CBC, FOX, BBC, Howard Stern, Oprah, Disney, Comedy Central and more.
SiriusXM programming is available on a variety of devices including pre-installed and after-market radios in cars, trucks and boats, smartphones and mobile devices, and consumer electronics products for homes and offices. SiriusXM programming is also available online at www.siriusxm.ca and on Apple and Android-powered mobile devices.
SiriusXM Canada has partnerships with every major automaker and its radio products are available at more than 3,000 retail locations nationwide. To find out more about SiriusXM Canada (TSX: XSR), visit our website at www.siriusxm.ca.
SiriusXM Canada has been designated one of Canada's 50 Best Managed Companies five years in a row and 2013 and 2014 rankings in PROFIT 500's list of Canada's Fastest Growing Companies.
SOURCE: Sirius XM Canada Holdings Inc.
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