Founder Charlie Ergen Resigns as CEO of Dish Network

Charlie Ergen satellite-television pioneer resigned as chief executive, signalling the last of the hands on manage of the company he discovered over three decades ago, Dish Network said.

Joseph Clayton, president and chief executive of Englewood, Colo., company replaced him.  He also unites with the board on June 20. Mr. Ergen is to remain chairman of Dish.

The Mr. Ergen’s going away as chief executive points out his self-assurance on health of Dish. The first quarter income of the company over twice as its subscriber expansion got better to health. It lasted its year-long legal fight with TiVo Inc. over the utilization of “time-warp” technology seriously used by digital video recorders.

Marci Ryvicker, an analyst at Wells Fargo said, “To us, it means that Dish is in good enough shape for Charlie to feel comfortable handing over the reins to someone else.”

Charlie Ergen Resigns Dish NetworkMr. Clayton beforehand served as chief executive of Sirius satellite radio from 2001 to 2004 and from 2004 to 2008 as its chairman. He served as president of Global Crossing North America before that as president and chief executive of Frontier Corp. and as Thomson SA’s marketing executive for the Asia and America.

Mr. Clayton will be tasked with progressing Mr. Ergen’s current move in plan to target more prosperous customers, imitating competitor DirecTV Inc.

Mr. Ergen said in a report, “Joe is a 38-year veteran of the consumer electronics, telecommunications and satellite communications industries and I am pleased to have him lead DISH Network as president and CEO. Joe brings an enormous amount of executive-level experience in the satellite and consumer electronics industries.”

photo credit: images.businessweek.com

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