Pandora (NYSE: P), the leading Internet radio service, today announced it will begin a process to identify a successor to the Company’s Chairman, Chief Executive Officer and President, Joseph Kennedy. Mr. Kennedy, who has led the Company since July 2004, will continue in his current role until his successor is named, in order to ensure an orderly transition.
“As I near the start of my tenth year at the helm of Pandora, I am incredibly proud of the team and what we have accomplished in redefining radio. 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,” said Pandora Chief Executive Officer Joe Kennedy. “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.”
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