Pandora Rising: CEO Westergren Departs along with President, CMO
Pandora Rising: CEO Westergren Departs along with President, CMO https://csuiteold.c-suitenetwork.com/wp-content/uploads/2017/06/pandora-rising-ceo-westergren-departs-along-with-president-cmo-1-1024x538.jpg 1024 538 C-Suite Network https://csuiteold.c-suitenetwork.com/wp-content/uploads/2017/06/pandora-rising-ceo-westergren-departs-along-with-president-cmo-1-1024x538.jpg[Updates with executive departures, stock price rise at bottom of story.]
Following a report over the weekend that streaming Internet radio pioneer Pandora (P) may see its CEO step down, shares of the stock have been halted this morning in pre-market trading for over an hour, apparently for some pending news. There’s no indication on Nasdaq what time the shares will resume.
The possibilities could include some move by SiriusXM (SIRI), which just took a stake in Pandora, or SiriusXM owner Liberty Media (FWONA), who some think will end up buying Pandora.
Update: Pandora has announced, as rumored, that CEO Tim Westergren has decided to step down immediately from the job, and…
