Pandora's CEO, Chairman, and President Joe Kennedy will resign from leadership of the company following yet another quarterly loss. Pandora's board of directors announced that it begun a search for a successor and that Kennedy would continue to lead the company through its 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," Kennedy said in a press release from Pandora. "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."
