Pandora announced today that CEO Tim Westergren has stepped down from his role as chief executive and is giving up his seat on the board. This is the second departure for Westergren, who helped found the company and took it public. He transitioned to a strategy role after the IPO while Pandora was ran by a series of professional managerial types. Westergren returned to the helm in 2016 as Pandora, struggling to turn a profit, ventured into the on-demand streaming space occupied by Spotify and Apple Music.
Sirius XM, which provided Pandora with a major cash infusion this month, is reportedly not keen on the development of a premium on-demand service, which had been championed by Westergren. His departure opens up doubts about how...
from The Verge - All Posts http://ift.tt/2udTrxr
via IFTTT
EmoticonEmoticon