Pandora CEO, President, And CMO Leave Following SiriusXM Investment

Pandora CEO, President, And CMO Leave Following SiriusXM Investment 630 423 C-Suite Network
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The leadership changes at Pandora Media are taking place faster than expected: Today the company says that CEO Tim Westergren decided to step down, with CFO Naveen Chopra filling in as interim CEO.

President Mike Herring and CMO Nick Bartle also left.

In addition to relinquishing the CEO job, Westergren is leaving the board and will be replaced by Jason Hirschhorn. The CEO of digital content company the ReDEF Group is well known in media business circles from his work as MTV Networks’ Chief Digital Officer, President of Sling Media, and co-President of Myspace.

Pandora shares are down more than 1% in early trading. Yesterday they were up 2.2% after Recode reported that Westergren planned to leave once the company found a replacement.

Westergren, who co-founded Pandora in 1999, may have seen the writing on the wall early this month. SiriusXM

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