Source Interlink Media named Scott Dickey as its new CEO on Tuesday, Feb. 25, replacing Michael L. Sullivan, who will now head Source Distribution as CEO.

"The Board of Directors is delighted to have Scott lead the Source Interlink Media business," chairman Ted Lodge says in a release. "Scott is a seasoned and broad-based executive with significant experience in the traditional and digital media industries, live events, brand licensing and consumer products."

He will be called on to reverse some shaky trends, which became evident in 2009 when SIM filed for bankruptcy and divested several titles. Last year SIM sold nine of its motorcycle brands to Bonnier, and rumors recently surfaced that the company shuttered Modified, and laid off around 100 staffers from multiple titles.

Dickey left his post as CEO of Competitor Group Inc. in December, after spearheading the company’s sale to a private-equity group, Calera Capital. He was at CGI since 2008, when he joined as president and COO. His resume also includes a role as president at Transworld Media, which was formally a subsidiary of Time Inc. until Dickey facilitated a 2007 sale to Bonnier. Interestingly, SIM acquired Transworld Media last year, and merged it with its Grind Media division.