Pandora?s Long-Time CEO Joe Kennedy Abruptly Steps Down, Just As It Starts Making Money On Mobile

Hot on the heels of a relatively strong quarter for the streaming music service, Pandora has announced that its long-time CEO and President, Joe Kennedy, will be stepping down. In a statement this afternoon, Pandora said that he will "continue in his current role until his successor is named." Kennedy, who has been at the helm of the streaming music service since July 2004 and helped take the company public, helped Pandora build a platform that now has over 67 million monthly active listeners. In its earnings report today, the company also said that it now stakes a claim to 8 percent of total U.S. radio listening market share.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/VgOKpnWYEXU/

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