Dish Network Corporation’s president and chief executive officer, Joseph P. Clayton, is set to retire at the end of March.
He will be replaced by the company’s co-founder and chairman, Charles W. Ergen, who once held the titles, but stepped down in 2011.
Ergen said Clayton's leadership has been "instrumental" to the pay TV operator as it has undergone a "fundamental transformation" of its business.
“He has set the stage for what will become a new company, and with that he has prepared a new class of management to address the adventures coming our way,” he added.
Before assuming the post of chief at Dish, Clayton served as chief and chairman for Sirius Satellite Radio.
“This team has done what it said it would – our operations are stronger, our leadership is deeper, our outlook is as positive as it ever has been,” he said. “We were able to launch the Hopper, dishNet and Sling TV, navigate two spectrum auctions and deliver for our customers throughout. All of it was with great success – I am proud to have served with such a remarkable team.”
The corporation reported a 17 per cent increase in net income for the 2014 year, but saw a drop in both new and existing pay TV subscriptions.