Sirius XM Holdings (SIRI) has shared an update.
Joseph A. Verbrugge, the Chief Commercial Officer of Sirius XM Radio Inc., is set to retire on June 27, 2024, at the end of his contract. He has agreed to continue in his role until July 31, 2024, to ensure a smooth transition, after which he will serve as a part-time advisor to the CEO until the end of the year. During this extension, Verbrugge will retain his salary and benefits, and may earn a pro-rated annual bonus, but is not entitled to severance benefits unless terminated without cause before the extended term ends.
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