Ex­ec­u­tive shake up

The Denver Post - - BUSINESS -

The co-founder and CEO of Pan­dora ha sl eft the mu­sic stream­ing ser­vice. Tim Wester­gren ,w ho helped found the com­pany 17 years ago, has re­lin­quished his po­si­tion and agreed t os tep dow nf rom Pan­dora’s board, too. The move comes as Pan­dora faces in­ten­si­fy­ing com­pet­i­tive pres­sure from Spo­tify and Ap­ple Mu­sic. Pan­dor ahad4. 7 mil­lio npa ying sub­scribers at the end of March, while Spo­tify said it had more than 50 mil­lion. Chief Fi­nan­cial Of­fi­cer Naveen Cho­pra will serv ea s in­terim CEO at Pan­dora while the com­pany looks for aper­ma­nent suc­ces­sor to Wester­gren. The com­pany also said that Michael Her­ring stepped dow na s pres­i­dent and that former MyS­pace and MTV Net­works ex­ec­u­tive Ja­son Hirschhorn was join­ing Pan­dora’s board.

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