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Dish Network CEO Clayton to retire in March

Joseph Clayton, president and CEO of Dish Network, speaks during a news conference at the International CES, in Las Vegas in this Jan. 5, 2015, photo. Joseph Clayton, president and CEO of Dish Network, speaks during a news conference at the International CES, in Las Vegas in this Jan. 5, 2015, photo.

By Associated Press February 23, 2015 1 min read

ENGLEWOOD, Colo. (AP) – Dish Network CEO Joseph Clayton is retiring next month.

The satellite TV provider said Monday that Clayton, who is also president, will step down on March 31. Co-founder and Chairman Charles Ergen, who has also been the company’s CEO and president, will take over again.

Clayton, who has been CEO since June 2011, will also retire from the board.

Prior to joining Dish, Clayton led Sirius Satellite Radio Inc. for three years, up until November 2004. He also served as chairman of the company from November 2004 through July 2008.

Dish reported its fourth-quarter financial results as well Monday, posting a profit of 88 cents per share on revenue of $3.68 billion. Analysts surveyed by FactSet expected a profit of 43 cents per share on revenue of $3.7 billion.

Dish Network Corp. is based in Englewood, Colorado. It had about 14 million pay-TV subscribers at the end of 2014.