Pandora may soon be looking for a new CEO, if a report by tech site Recode is on the money.
It claims that current boss Tim Westergren “plans to step down as the streaming music company’s leader… Pandora hasn’t selected a replacement for Westergren, sources say; he will likely stay on at the company he founded 17 years ago until a new CEO is in place”.
Pandora has declined to comment, with the company’s public status meaning it would need to announce such a move as soon as it is official.
The report comes shortly after SiriusXM announced plans to invest $480m in Pandora, and also after the sale of ticketing subsidiary Ticketfly, which had been a key component of Westergren’s ‘full-stack’ strategy for Pandora.
As we reported at the time of the investment, the streaming service’s strategy could be evolving rapidly: it’s by no means clear that its plans for global expansion, driven by its move into on-demand music, will be as aggressive as Westergren has been pitching to the music industry for the last year.
We await official word from Pandora: if its CEO is stepping down, the identity of his replacement will provide clues as to how the wider strategy will play out.