Dave Stephenson Appointed to SiriusXM's Board of Directors for Strategic Growth

SiriusXM Welcomes Dave Stephenson to Its Board of Directors

In a significant development for the audio entertainment giant, Sirius XM Holdings Inc. announced the appointment of Dave Stephenson as an independent director of its Board of Directors, effective September 18, 2025. This strategic move aims to fortify the company’s leadership as it navigates its transformation journey in the competitive audio market.

Dave Stephenson brings a wealth of experience to the table, marked by a successful career in some of the world's largest technology firms. Currently, he serves as the Chief Business Officer and Head of Employee Experience at Airbnb, Inc. (NASDAQ: ABNB). In this role, Stephenson has played a crucial part in steering Airbnb's global business growth and enhancing the employee experience, two key areas that align perfectly with SiriusXM's goals.

Prior to his tenure at Airbnb, Stephenson held the role of Chief Financial Officer (CFO), where he was pivotal during the company's landmark Initial Public Offering (IPO). His extensive background at Amazon, where he spent 17 years in various positions culminating as Vice President and CFO of its Worldwide Consumer Organization, has armed him with the financial and operational expertise needed to contribute meaningfully to SiriusXM.

In welcoming Stephenson to the Board, Jennifer Witz, CEO of SiriusXM, stated, “Dave’s business acumen and people-first mindset make him a fantastic addition to the Board as we continue SiriusXM's transformation journey with a focus on maintaining our financial strength and creating a path to future growth.” This statement highlights the expectation that Stephenson’s insights into business operations and strategy will be invaluable as SiriusXM seeks to innovate and enhance the experiences it offers to its listeners.

As an integral member of the Board's compensation committee, Stephenson is poised to impact strategic decisions aimed at fostering growth and profitability. His hiring underscores SiriusXM's commitment to broadening its leadership team with individuals experienced in steering companies through periods of growth and change.

Stephenson expressed his excitement at joining the board, stating, “I am honored to be joining the board of SiriusXM, a company whose powerful combination of world-class content and technology I have long admired. I am excited to collaborate with the board and management to deliver increased value to listeners and shareholders.” His statement reflects a shared vision between him and SiriusXM’s leadership, reinforcing the belief that the partnership will yield substantial benefits for both listeners and stakeholders.

Dave Stephenson's Background

Dave Stephenson is at the forefront of driving Airbnb's business strategies and ensuring a positive employee experience. As Chief Business Officer, he focuses on expanding Airbnb's offerings and streamlining recruitment and leadership development initiatives within the company.

A graduate of the University of Iowa with an MBA and a Bachelor's degree in Industrial and Management Engineering from Montana State University, Stephenson's academic credentials complement his extensive professional experience. His strategic insight gained over years in various financial and executive roles positions him as a critical asset for guiding SiriusXM through its growth trajectory.

At Amazon, where he occupied roles with significant financial responsibilities, Stephenson honed his skills related to operations across multiple sectors, including Amazon Web Services and retail. His experience also includes serving on the board of Lyft, Inc., further enriching his strategic viewpoint.

SiriusXM’s Position in the Market

SiriusXM stands at the forefront of the audio entertainment industry in North America, boasting a diverse portfolio that includes its subscription service, ad-supported streaming platforms, a robust podcast network, and various business solutions. With a reach of approximately 160 million listeners each month, the company continually aims to provide a broad spectrum of content that caters to various audience preferences.

As SiriusXM continues to navigate the evolving landscape of audio entertainment, the addition of Dave Stephenson to its Board is anticipated to further enhance its mission of combining technology and creativity to deliver an unparalleled listening experience. His extensive background and proven track record in fostering business growth make him a critical component of SiriusXM's future success as it seeks to maintain its competitive edge and respond to the changing needs of its audience.