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Wednesday, September 11, 2013

CORRECTED-Pandora names former Microsoft executive Brian McAndrews as CEO, (NYSE: P)

Pandora Media Inc on Wednesday named former Microsoft Corp executive and venture capitalist Brian McAndrews as president, chairman and CEO.McAndrews, 54, replaces Joe Kennedy who announced in March he was leaving the online streaming music company."What brought me here is the opportunity. We mostly want to focus on customers and what they want and innovate for them," McAndrews told Reuters.Pandora founder Tim Westergren said the company was looking for someone with a background in technology and advertising, the main source of revenue for Pandora.

Pandora Media, Inc. (Pandora), is an Internet radio in the United States. Shares of P traded higher by 5.06% or $1.03/share to $21.38. In the past year, the shares have traded as low as $7.08 and as high as $21.98. On average, 7016240 shares of P exchange hands on a given day and today's volume is recorded at 11182213.



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