Pandora Media Inc (NYSE: P) is off to a strong start to the day this morning in the pre-market after the company announced changes to management. Of course, this led to excitement among investors who are sending the stock upward. As is normally the case, our partners at Trade Ideas were the first to alert us to the gains. At the moment (8:59), P is trading at $8.45 per share after a gain of $0.38 per share or 4.71% thus far today.
P Gains On Management Change
As mentioned above, Pandora Media is having a strong start to the day this morning in the pre-market hours after the company announced that it has completed a leadership change. Earlier this summer, the company's founder stepped aside as the CEO of the company, opening the doors to new leadership.
Today, it was announced that Roger Lynch will be taking on the CEO position at the music streaming company. Lynch brings with him several years of experience. He has served in leadership roles at big name companies like Sling TV and Dish. In a statement, Roger Faxon, chairman at P, had the following to offer...
“Roger brings a stellar leadership reputation, a wealth of consumer experience, and a lifelong passion for music to Pandora – all of which are critical ingredients in the continued evolution of our company.”
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What We'll Be Watching For Ahead
Moving forward, the CNA Finance team will be keeping a close eye on P. In particular, we're interested in following the changes that Roger Lynch will bring to the company as CEO. Nonetheless, we'll continue to follow the story closely and bring the news to you as it breaks!
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