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).