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XM to Expand Board

XM to Expand Board

When the refinancing deal closes, XM expects to add two members to its board of directors, long-time radio executive Steven Hicks and Honda executive Thomas Elliott. Hicks has 33 years of radio experience, including stints as an owner/operator, President/CEO of SFX Broadcasting and Capstar Broadcasting, which merged with Chancellor Media and became known as AMFM Inc., and then merged with Clear Channel Communications. Hicks currently serves as Chairman of Click Radio and is a non-managing member of BayStar Capital.
As executive vice president, automobile operations of American Honda Motor Co., Inc., Elliot is responsible for product planning, advertising, marketing, public relations and distribution for both Honda and Acura automobiles. Elliott started his career at Honda in 1970 and progressed to positions in sales and management. He was appointed to the
Honda North America Board of Directors in 1992, when Elliot also became president of Honda Performance Development, Inc., a subsidiary of American Honda, established to manage the Honda Championship Auto Racing Team racing and race engine development programs.