SiriusXM Names Faye Tylee Chief Human Resources Officer

Rhea-AI Summary

Sirius XM Holdings Inc. (NASDAQ: SIRI) announced the appointment of Faye Tylee as Chief Human Resources Officer, effective March 1, 2022. Tylee succeeds Dara Altman, who is retiring after a 16-year tenure in senior management roles. Tylee brings over 25 years of HR experience, previously serving as CHRO at Avaya and EVP of Human Resources at Wyndham Worldwide. CEO Jennifer Witz emphasized Tylee's role in enhancing diversity, equity, and inclusion efforts within the company. Tylee expressed excitement about driving a results-oriented culture at SiriusXM.

Positive

• Appointment of a seasoned HR leader, Faye Tylee, who has over 25 years of experience.
• Tylee's focus on enhancing diversity, equity, and inclusion efforts can improve company culture.
• Leadership transition is planned to ensure continuity and stability in HR functions.

Negative

• None.

NEW YORK, Feb. 8, 2022 /PRNewswire/ -- Sirius XM Holdings Inc. (NASDAQ: SIRI), the leading audio entertainment company in North America, today announced that Faye Tylee is joining the company as Chief Human Resources Officer, effective March 1, 2022. Tylee succeeds Dara Altman, SiriusXM's Chief Administrative Officer, who will be retiring after serving in senior management positions with the company since 2006. Altman will work with Tylee until the end of May 2022 to ensure a seamless transition. 

Tylee will report directly to SiriusXM CEO Jennifer Witz, and will lead the teams that support SiriusXM's Human Resources, including Talent Acquisition, Culture and Employee Experience, Total Rewards, HR Business Partners and Employee Relations, Learning and Development, HR People Services and Analytics, as well as the company's Diversity, Equity and Inclusion efforts, and social impact programs.

Tylee brings more than 25 years of experience as a global human resources leader.  She comes to SiriusXM from Avaya Holdings Corp., where she was Chief Human Resources Officer for a global leader in digital communications software, services and devices.  Prior to Avaya, she was the Executive Vice President, Human Resources for Wyndham Worldwide, one of the world's largest hospitality companies, for more than a decade. Tylee studied Human Resources at The University of Northampton, U.K.

"We are thrilled to welcome Faye to SiriusXM to lead our outstanding human resources team and to help establish SiriusXM's next generation of leaders," said Witz. "Faye will be instrumental in continuing our commitment to diversity, equity and inclusion, drawing the best talent to SiriusXM, and helping to develop our employees both professionally and personally.  Her background leading human resources teams at companies focused on technology and consumer experience makes her a great asset for our leadership during this dynamic time of growth and innovation for SiriusXM." 

Tylee said, "SiriusXM has a history of pushing boundaries, and is a respected leader in audio entertainment that has established a culture that puts people first. I could not be more excited to join the team and bring new ideas to the table, expand our diversity and inclusion efforts, and build even further on the company's results-oriented culture of collaboration, teamwork, and trust."

"As we welcome Faye, I also want to acknowledge our deep thanks to Dara for her years of dedication, service and friendship, and we congratulate her on her retirement," Witz added.  "She has made the culture of SiriusXM better, led progressive change, and is a leader who we truly admire. Dara has made it possible for the Company and our people to thrive, and we're proud to bring the programs and efforts she championed at SiriusXM into the future." 

Said Altman, "A company's employees are its greatest asset and I am truly thankful to have had the special opportunity to help lead SiriusXM's people.  I am so proud of the growth of our company, as well as the social impact we've endeavored to have with our focus on diversity, equity and inclusion, the establishment of SXM Cares, our charitable effort, and particularly, guiding and directing our efforts to keep employees safe during the COVID pandemic. I am pleased to know that Faye will continue to drive our culture forward and do great work on behalf of all SiriusXM employees." 

About SiriusXM

Sirius XM Holdings Inc. (NASDAQ: SIRI) is the leading audio entertainment company in North America, and the premier programmer and platform for subscription and digital advertising-supported audio products. SiriusXM's platforms collectively reach approximately 150 million listeners, the largest digital audio audience across paid and free tiers in North America, and deliver music, sports, talk, news, comedy, entertainment and podcasts. Pandora, a subsidiary of SiriusXM, is the largest ad-supported audio entertainment streaming service in the U.S. SiriusXM's subsidiaries Stitcher, Simplecast and AdsWizz make it a leader in podcast hosting, production, distribution, analytics and monetization. The Company's advertising sales arm, SXM Media, leverages its scale, cross-platform sales organization, and ad tech capabilities to deliver results for audio creators and advertisers. SiriusXM, through Sirius XM Canada Holdings, Inc., also offers satellite radio and audio entertainment in Canada. In addition to its audio entertainment businesses, SiriusXM offers connected vehicle services to automakers. For more about SiriusXM, please go to: www.siriusxm.com. 

This communication contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about future financial and operating results, our plans, objectives, expectations and intentions with respect to future operations, products and services; and other statements identified by words such as "will likely result," "are expected to," "will continue," "is anticipated," "estimated," "believe," "intend," "plan," "projection," "outlook" or words of similar meaning. Such forward-looking statements are based upon the current beliefs and expectations of our management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are difficult to predict and generally beyond our control. Actual results and the timing of events may differ materially from the results anticipated in these forward-looking statements.

The following factors, among others, could cause actual results and the timing of events to differ materially from the anticipated results or other expectations expressed in the forward-looking statements:  we have been, and may continue to be, adversely affected by supply chain issues as a result of the global semiconductor supply shortage; the ongoing COVID-19 pandemic has introduced significant uncertainty to our business; we face substantial competition and that competition is likely to increase over time; if our efforts to attract and retain subscribers and listeners, or convert listeners into subscribers, are successful, our business will be adversely affected; we engage in extensive marketing efforts and the continued effectiveness of those efforts is an important part of our business; we rely on third parties for the operation of our business, and the failure of third parties to perform could adversely affect our business; we may not realize the benefits of acquisitions and other strategic investments and initiatives; a substantial number of our Sirius XM service subscribers periodically cancel their subscriptions and we cannot predict how successful we will be at retaining customers; our ability to profitably attract and retain subscribers to our Sirius XM service as our marketing efforts reach more price-sensitive consumers is uncertain; our business depends in part on the auto industry; failure of our satellites would significantly damage our business; our Sirius XM service may experience harmful interference from wireless operations; our Pandora ad-supported business has suffered a substantial and consistent loss of monthly active users, which may adversely affect our Pandora business; our failure to convince advertisers of the benefits of our Pandora ad-supported service could harm our business; if we are unable to maintain revenue growth from our advertising products our results of operations will be adversely affected; changes in mobile operating systems and browsers may hinder our ability to sell advertising and market our services; if we fail to accurately predict and play music, comedy or other content that our Pandora listeners enjoy, we may fail to retain existing and attract new listeners; privacy and data security laws and regulations may hinder our ability to market our services, sell advertising and impose legal liabilities; consumer protection laws and our failure to comply with them could damage our business; failure to comply with FCC requirements could damage our business; if we fail to protect the security of personal information about our customers, we could be subject to costly government enforcement actions and private litigation and our reputation could suffer; interruption or failure of our information technology and communications systems could impair the delivery of our service and harm our business; the market for music rights is changing and is subject to significant uncertainties; our Pandora services depend upon maintaining complex licenses with copyright owners, and these licenses contain onerous terms; the rates we must pay for "mechanical rights" to use musical works on our Pandora service have increased substantially and these new rates may adversely affect our business; failure to protect our intellectual property or actions by third parties to enforce their intellectual property rights could substantially harm our business and operating results; some of our services and technologies may use "open source" software, which may restrict how we use or distribute our services or require that we release the source code subject to those licenses; rapid technological and industry changes and new entrants could adversely impact our services; we have a significant amount of indebtedness, and our debt contains certain covenants that restrict our operations; we are a "controlled company" within the meaning of the NASDAQ listing rules and, as a result, qualify for, and rely on, exemptions from certain corporate governance requirements; while we currently pay a quarterly cash dividend to holders of our common stock, we may change our dividend policy at any time; our principal stockholder has significant influence, including over actions requiring stockholder approval, and its interests may differ from the interests of other holders of our common stock; if we are unable to attract and retain qualified personnel, our business could be harmed; our facilities could be damaged by natural catastrophes or terrorist activities; the unfavorable outcome of pending or future litigation could have an adverse impact on our operations and financial condition; we may be exposed to liabilities that other entertainment service providers would not customarily be subject to; and our business and prospects depend on the strength of our brands. Additional factors that could cause our results to differ materially from those described in the forward-looking statements can be found in our Annual Report on Form 10-K for the year ended December 31, 2021, which is filed with the Securities and Exchange Commission (the "SEC") and available at the SEC's Internet site (http://www.sec.gov). The information set forth herein speaks only as of the date hereof, and we disclaim any intention or obligation to update any forward looking statements as a result of developments occurring after the date of this communication.

Source: SiriusXM

Media contact:
Patrick Reilly, SiriusXM, Patrick.Reilly@siriusxm.com 

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SOURCE Sirius XM Holdings Inc.

FAQ

Who is the new Chief Human Resources Officer for SiriusXM?

Faye Tylee is the new Chief Human Resources Officer for SiriusXM, effective March 1, 2022.

What experience does Faye Tylee bring to SiriusXM?

Faye Tylee brings over 25 years of human resources experience, having served as CHRO at Avaya and EVP at Wyndham Worldwide.

Who did Faye Tylee replace at SiriusXM?

Faye Tylee replaced Dara Altman, who retired after 16 years in senior management roles.

What will be Faye Tylee's focus at SiriusXM?

Faye Tylee will focus on enhancing diversity, equity, and inclusion efforts, along with developing employee talent.

When will Dara Altman retire from SiriusXM?

Dara Altman will retire at the end of May 2022 after assisting with the transition.