The DirecTV Group Inc. said that effective March 7, Mitch Stern will no longer be the president and CEO of DirecTV Inc. Chase Carey, president and CEO of the DirecTV Group will now oversee day-to-day operations of DirecTV and Stern’s direct reports will report will Carey. The company said it will not replace Stern, who has been with DirecTV since December 2003. No reason was given for Stern’s departure in the press release announcing the personnel move.

“While we considered 2004 a transition year, DirecTV achieved a tremendous amount under Mitch’s leadership,” Carey said in a prepared statement. “Most notably, more new subscribers chose DirecTV last year than any other pay television service in the country. I want to take this opportunity to thank Mitch for all his efforts and contributions and wish him well. DirecTV is well positioned to go forward and build on its leadership position in the pay television industry.”