Pandora CEO Joseph Kennedy announced today that he is leaving the music-streaming company after nearly 10 years at the helm. He didn’t say why he was stepping down, only that “the time is right.” “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,” he said in a press release. “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.” Kennedy, who has been CEO since 2004, will continue to lead the company of 700 until the board finds a replacement. The company’s board of directors will hold a national search to look for candidates to fill Kennedy’s role.
About Shelly Palmer
Shelly Palmer is the Professor of Advanced Media in Residence at Syracuse University’s S.I. Newhouse School of Public Communications and CEO of The Palmer Group, a consulting practice that helps Fortune 500 companies with technology, media and marketing. Named LinkedIn’s “Top Voice in Technology,” he covers tech and business for Good Day New York, is a regular commentator on CNN and writes a popular daily business blog. He's a bestselling author, and the creator of the popular, free online course, Generative AI for Execs. Follow @shellypalmer or visit shellypalmer.com.