Pandora Announces Appointment of Roger Lynch as Chief Executive Officer
August 14 2017 - 4:05PM
Business Wire
Lynch Brings Deep Media Industry and Leadership
Experience
Michael Lynton, Chairman of Snap Inc., Also
Joins Board
Pandora (NYSE: P) today announced that Roger Lynch will join the
company as CEO and president, and a member of its board of
directors, effective September 18, 2017. Naveen Chopra, who has
served as Pandora’s interim CEO since June 2017, will continue in
his role as chief financial officer. In addition, Pandora announced
it has also appointed Michael Lynton to its board of directors.
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Roger Lynch has been appointed CEO and
President at Pandora. (Photo: Business Wire)
Pandora’s current chairman, Roger Faxon, on behalf of the
Pandora board, stated “After a thorough and thoughtful search
process, we are thrilled to have Roger join us as CEO and a member
of our board. 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. We are absolutely confident that Roger is
the right leader for Pandora who can create value for shareholders
by marrying Pandora’s numerous assets with the opportunities ahead.
As I have said before, with ‘digital radio’ at the core of our
business, and both ‘Plus’ and ‘Premium’ as new, integral parts of
our arsenal, Pandora is now in an ideal position to leverage
changing consumer behaviors to further expand and monetize our
listening audience. We are very excited to welcome Roger as our CEO
as we embark on our next chapter with renewed focus, a strong
balance sheet, a strategic partnership with SiriusXM, and an
incredible team of loyal and creative employees.”
Lynch has extensive experience leading, innovating and scaling
consumer media and technology businesses globally, including having
guided a number of companies through critical transformation
periods. Through his media industry and subscription experience,
Roger has frequently worked with large content providers to effect
business models that embrace technological changes in distribution.
As the founding CEO of Sling TV, Lynch led the creation, launch and
growth of Sling TV to become the #1 Live OTT service in the U.S.
Prior to Sling TV, Lynch served as executive vice president,
Advanced Technologies, for DISH Network and EchoStar Corporations.
Lynch also served as chairman and CEO of Video Networks
International Ltd., a UK based IPTV provider. Prior to VNIL, Lynch
was president and CEO of Chello Broadband in Amsterdam, Netherlands
where he pioneered the widespread rollout of consumer broadband
services across Europe, eventually creating what was, at the time,
the largest broadband provider in Europe. Prior to that, Lynch was
a technology investment banker with Morgan Stanley in New York,
Silicon Valley, and London. Lynch began his career as a member of
the physics technical staff at Hughes Aircraft Company.
“I cannot imagine a more important and exciting time to join
Pandora,” said Lynch. “With a massive, diverse and highly engaged
audience, a market-leading digital advertising business, a
best-in-class product portfolio and an extremely passionate and
talented group of people, Pandora is well-positioned to capture an
even greater market opportunity. As a lifelong musician and
exuberant music fan, this is the perfect opportunity to combine my
industry experience with my love for music. I look forward to
working with this great team, having a lot of fun, and leading
Pandora through its next exciting phase.”
Lynch holds a Master of Business Administration with Highest
Distinction from the Tuck School of Business at Dartmouth College
and a Bachelor of Science in Physics from the University of
Southern California.
Michael Lynton, chairman of Snap Inc., joins board
“We are also truly excited to welcome Michael Lynton to the
Pandora Board,” said Tim Leiweke, who led the search committee on
behalf of Pandora’s board of directors. “Michael is a seasoned
executive with strong business acumen and a long track record of
leading public companies. He brings critical skills to our Board
and will lend valuable counsel as we focus on driving meaningful,
long-term value for our shareholders and capturing an increasing
share of the music listening audience.”
Michael Lynton is currently the chairman of Snap Inc., a
position he has held since 2016 after joining Snap Inc.’s board in
2013. Prior to Snap Inc., Lynton served as CEO of Sony
Entertainment from 2012 until February 2017, and as chairman and
CEO of Sony Pictures Entertainment for over 13 years. Prior to his
work at Sony, he served as CEO of AOL Europe and president of both
AOL International and Time Warner International, and as CEO of
Penguin Publishing. In addition to his professional
responsibilities, Lynton has served on the board of Ares
Management, JAMDAT Mobile, Inc., Samsonite International S.A. and
Marvel Entertainment. Lynton holds a B.A. in history and literature
from Harvard College, and an MBA from Harvard Business School.
“I have always admired Pandora for its innovative business and
iconic brand, and I’m thrilled to be joining the board,” said
Lynton. “Pandora has numerous assets that can be leveraged for the
benefit of both listeners and shareholders. I look forward to being
part of its future.”
About Pandora
Pandora is the world’s most powerful music discovery platform –
a place where artists find their fans and listeners find music they
love. We are driven by a single purpose: unleashing the infinite
power of music by connecting artists and fans, whether through
earbuds, car speakers, live on stage or anywhere fans want to
experience it. Our team of highly trained musicologists analyze
hundreds of attributes for each recording which powers our
proprietary Music Genome Project®, delivering billions of hours of
personalized music tailored to the tastes of each music listener,
full of discovery, making artist/fan connections at unprecedented
scale. Founded by musicians, Pandora empowers artists with valuable
data and tools to help grow their careers and connect with their
fans.
www.pandora.com | @pandoramusic | www.pandoraforbrands.com |
@PandoraBrands | amp.pandora.com
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version on businesswire.com: http://www.businesswire.com/news/home/20170814005898/en/
PandoraDominic Paschel, 510-842-6960Corporate Finance &
Investor Relationsinvestor@pandora.comorStephanie Barnes,
415-722-0883Corporate Communicationssbarnes@pandora.com
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