Drew Larner Stepping Down As Rdio CEO
June 11, 2013 at 5:01 AM (PT)
DREW LARNER is stepping down as CEO of RDIO but will stay on as Executive Chairman, he told BLOOMBERG on FRIDAY (6/7).
LARNER said that he is leading the search for a new CEO for the music and video streaming service, with KORN FERRY INTERNATIONAL managing the search and several candidates having been interviewed in the past few weeks.
“Momentum from last year has been tremendous,” LARNER told BLOOMBERG's ANDY FIXMER. “The best person to take this to the next level, it’s probably someone with a different skill set. I’m a business guy and a deal guy. The next stage of the company is about building an enormous user and subscription base, and there are people out there better at that than I am.”
“Companies often outgrow their founding executive teams,” LARNER added. “Those who get the company off the ground aren’t always the best at growing the company in the second stage into a mass-market product.”