Sirius XM Holdings said Tuesday that Thomas Barry, currently its senior vp and controller, will become its chief financial officer effective April 28. He succeeds Sean Sullivan, who is stepping down from the role of CFO “to take a public company outside the industry.”
The transition will become effective following the release of SiriusXM’s first quarter results and conference call on April 27.
Since 2009, Barry has held his current positions at SiriusXM and as chief accounting officer. “Barry played an integral role in guiding Sirius and XM’s post-merger integration and subsequent acquisitions, including Pandora and the connected vehicle business,” the company said. “Over the years, he has played a key role in organizational transformation, digital automation and cost optimization initiatives, while supporting rapid revenue growth.”
Prior to joining SiriusXM, he held finance roles at Reader’s Digest, Xerox Engineering Systems, and Avon Products.
“Tom is an accomplished leader who has played a key role in SiriusXM’s finance team for the past 14 years, and we believe he is the right person to serve as our next CFO,” said SiriusXM CEO Jennifer Witz. new CFO will report.
Barry said, “I am honored to take on this role and build on SiriusXM’s strong financial foundation and leadership in the audio entertainment space.”
The company also confirmed its full-year 2023 financial outlook on Tuesday.