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Pandora (P) CEO Joe Kennedy is stepping down after holding the top job for nearly 9 years, the...

  • Thursday, March 7, 4:53 PM ET
    Pandora (P) CEO Joe Kennedy is stepping down after holding the top job for nearly 9 years, the company discloses 40 minutes after announcing its FQ4 beat. Kennedy will remain CEO until a successor is found. "As part of our Board discussions of the road that lies ahead, I reached the conclusion ... that the time is right to begin a process to identify my successor." Investors don't seem to be bothered, P +20.6% AH. We should get more details on the CC (webcast).
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    This is big news. Joe Kennedy was widely respected and liked, the organizationally accomplished pro that counterbalanced Tim Westergren's entrepreneurial zeal, and took the business through IPO to established player in digital music. Best of luck to Joe in future pursuits. Whatever brought this about, no one should underestimate how much he contributed to Pandora's success.
    7 Mar, 06:01 PM Reply Like
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