SiriusXM Losing Key Suit

SiriusXM  quietly announced (via an 8K) that Enrique Rodriguez, Executive Vice President of Operations, Products and Connected Vehicle will be leaving on July 17th to accept a senior leadership position with another company.

Rodriguez came to Sirius in late 2012 and was listed among the most highly compensated executives at Sirius in both 2013 and 1014.  He had previously been a Senior Vice President and General Manager at Cisco Systems and a Corporate Vice President for the TV Division of Microsoft.

Rodriguez will be replaced by James A. Cady who was promoted from Senior Vice President and General Manager of the Connected Services Platform. Cady came to Sirius from Slacker in February of 2014. He had been Chief Executive Officer and President of Slacker from August 2009 until joining Sirius.

The top Sirius executives have been with the company for a fairly long time, so it was surprising to see Rodriguez, one of the company's more recent hires, leave after a relatively short tenure, according  to seekingalpha.com.  Equally surprising to see him replaced by another executive with even shorter tenure. Should it be a cause for concern for Sirius investors? Probably not, but the title does include responsibility for Connected Vehicle Services [CVS], and many investors are counting on that business to help drive future growth at Sirius.