Pandora creator takes over as CEO
Pandora is not simply shaking issues up with hints of on-demand listening. The web radio pioneer’s board of administrators has abruptly appointed founder Tim Westergren as CEO, with outgoing chief Brian McAndrews leaving the corporate instantly. It is a part of a broader administration shakeup that additionally consists of new chief monetary, working and product officers. Simply what prompted the modifications is not clear from the official statements — Pandora solely says that these strikes are supposed to “speed up the corporate’s progress,” and notes how Westergren has been deeply concerned because the starting.
The timing at the least appears applicable. Pandora is trying to increase past its signature radio streaming with the acquisition of Rdio, and the New York Occasions heard that the corporate has thought-about promoting itself in current weeks. It comes on the again of sub-par outcomes the place lively listening dropped barely yr-over-yr. Westergren’s CEO position provides him the principal say in the place his firm goes, whether or not or not that includes a sale — he does not have to fret that somebody will sully his imaginative and prescient for on-line music.