Pandora CEO Joseph Kennedy announced today that he is leaving the music-streaming company after nearly 10 years at the helm. He didn’t say why he was stepping down, only that “the time is right.” “As part of our board discussions of the road that lies ahead, I reached the conclusion and advised the board that the time is right to begin a process to identify my successor,” he said in a press release. “There is a tremendous market opportunity ahead and I look forward to continuing to work with all the great people at Pandora to keep driving the business forward.” Kennedy, who has been CEO since 2004, will continue to lead the company of 700 until the board finds a replacement. The company’s board of directors will hold a national search to look for candidates to fill Kennedy’s role.
Pandora’s CEO, Joseph Kennedy, Steps Down
Author: Shelly Palmer
Shelly Palmer is Fox 5 New York's On-air Tech Expert (WNYW-TV) and the host of Fox Television's monthly show Shelly Palmer Digital Living. He also hosts United Stations Radio Network's, Shelly Palmer Digital Living Daily, a daily syndicated radio report that features insightful commentary and a unique insiders take on the biggest stories in technology, media, and entertainment. He is Managing Director of Advanced Media Ventures Group, LLC an industry-leading advisory and business development firm and a member of the Executive Committee of the National Academy of Television Arts & Sciences (the organization that bestows the coveted Emmy® Awards).