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NewsPoster Sep 11, 2013 07:23 PM
Pandora ends CEO hunt, names Brian McAndrews new boss
Music streaming company <a href="" rel='nofollow'>Pandora</a> today announced that the company's Board of Directors has appointed Brian McAndrews, formerly of Madrona Venture Group, Microsoft and aQuantive, to <a href=" ment.found/" rel='nofollow'>succeed Joe Kennedy</a> as Chief Executive Officer, President and Chairman, effective immediately. McAndrews currently serves on the boards of <em>The New York Times</em>, Grubhub Seamless, and AppNexus.<br />
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"We had very specific criteria for our new CEO, and we were very strategic about finding the right person -- Brian is that person," said Tim Westergren, Pandora's founder and chief strategy officer. "No one better understands the intersection of technology and advertising, which he clearly demonstrated during aQuantive's meteoric rise. He has a recognized ability to set strategy, lead large teams and drive growth and innovation at great scale. He is also a natural cultural fit with Pandora. This is a great development for our company."<br />
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McAndrews was recognized as <em>Advertising Age's</em> first-ever "Digital Executive of the Year" and he was designated one of the 30 most influential executives in the advertising, marketing and media world in <em>Adweek's</em> 30th anniversary issue.<br />
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"It is a great privilege to be asked to lead Pandora at this important moment in the company's history," said McAndrews. "By capturing the enthusiasm of more than 72 million monthly listeners, the management team, led by Joe and Tim, has made Pandora the clear Internet radio leader and created a product that consumers love. I look forward to joining this great team to build on Pandora's success for years to come."<br />
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"The Board has been working closely with Joe and the management team to ensure we found a leader who could build on our success and take full advantage of the extraordinary opportunities that lie ahead for Pandora," said Robert Kavner, Pandora's Lead Independent Director. "On behalf of the entire board, we thank Joe for his tireless leadership. Joe is handing over a company that is strong and well-positioned for long-term growth."
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