SiriusXM Names Tubi CEO Anjali Sud Chief Executive, Succeeding Jennifer Witz Jan. 1
Sirius XM Holdings named board member Anjali Sud as its next chief executive, effective Jan. 1, 2027, succeeding Jennifer Witz, who is stepping down as CEO and director at the end of 2026, according to an 8-K filed Monday.
Sud, 43, has been a SiriusXM director since March 2025 and will remain on the board. She has been CEO of Tubi, a Fox Corporation subsidiary that runs a free ad-supported TV streaming service, since September 2023, and was CEO of Vimeo from July 2017 to August 2023, the filing says.
"Premium audio experiences will be more important than ever to the future of entertainment," Sud said in the company's press release.
Chairman Greg Maffei said the board is confident Sud "will hit the ground running." He credited Witz, citing her "25-year career" at SiriusXM, with expanding in-car penetration, building a leading podcast network and securing an exclusive advertising partnership with YouTube.
Sud's pay package
Sud's employment agreement runs from Jan. 1, 2027 through Dec. 31, 2029, with automatic one-year renewals. It sets an annual base salary of $2.6 million and a target bonus of two times salary, payable at no less than target for 2027.
Subject to board or compensation committee approval, she will receive:
- A sign-on grant of time-based restricted stock units worth $10 million, vesting in thirds on the grant date and the first two anniversaries of her start
- Time-based RSUs worth $4.5 million, vesting annually over three years
- Performance-based RSUs with a target value of $4.5 million, tied to a 2027-2029 performance period
Her annual equity awards for 2028 and 2029 will be worth no less than $9 million a year. If she is terminated without cause or leaves for good reason, she would receive a lump sum of two times her salary plus bonus, rising to three times within 24 months of a change of control, along with full vesting of her equity awards.
Witz stays on as adviser
Under a transition agreement, Witz remains eligible for a 2026 annual bonus, and her vested stock options stay exercisable for their remaining term. She will serve in an advisory consulting role from Jan. 1 through Dec. 31, 2027, for a fee of $175,000 a month.
"I firmly believe that SiriusXM is on a strong path and that now is the time for a transition," Witz said.
Sources
- Sirius XM Holdings Form 8-K on CEO transition (Item 5.02), with press release (Exhibit 99.1), filed Nov. 9, 2026 (accession 0001104659-26-124177)
This article is for informational and educational purposes only and is not investment advice. It is not a recommendation to buy or sell any security.
Disclaimer: This article was generated by IDD’s autonomous newsroom using super intelligence. SI may make mistakes.