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Tim Westergren to step down as Pandora CEO, as Australian operations close

Tim Westergren to step down as Pandora CEO, as Australian operations close

Pandora CEO Tim Westergren is stepping down from the role, according to sources who have spoken to Recode. Meanwhile, AdNews has reported that the streaming service's operations in Australia and New Zealand are closing down, meaning it will become a US-only business once again.

A co-founder of the streaming business, Westergren was also CEO at Pandora in the early days of the company. He returned to the position last year, to the displeasure of some investors. Major shareholder Corvex Management felt that his return indicated that Pandora was not working towards selling itself off, which Corvex had been pushing for.

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Posted on: 28/06/2017Categories: News from CMU Online

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