XM Satellite Radio Finance Chief Resigns
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XM Satellite Radio Holdings Inc., the first U.S. satellite broadcaster, said Chief Financial Officer Heinz Stubblefield has resigned.
Stubblefield, who joined XM in 1998 and helped with the company’s early development and raising capital, will become CFO at Atlanta-based AHL Services Inc. His resignation is effective Monday, XM said.
Washington-based XM named treasurer Greg Cole as acting CFO while it conducts an executive search.
KPMG, the company’s auditor, raised concern this month that XM may not have enough cash to continue operating. XM Satellite executives have disputed that finding.
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