Roger Lynch Named CEO/President At Pandora

Roger Lynch

Former SLING TV CEO ROGER LYNCH has been named CEO/President of PANDORA, effective MONDAY, SEPTEMBER 18th. He will also be named a member of its board of directors. NAVEEN CHOPRA, who has served as PANDORA’s interim CEO since JUNE, will continue in his role as CFO. In addition, PANDORA has appointed current SNAP INC. chairman and former SONY ENTERTAINMENT CEO MICHAEL LYNTON to its board of directors.

LYNCH previously held posts at DISH NETWORK and ECHOSTAR, VIDEO NETWORKS INTERNATIONAL, and CHELLO BROADBAND. 

PANDORA Chairman ROGER FAXON stated, “After a thorough and thoughtful search process, we are thrilled to have ROGER join us as CEO and a member of our board. He 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.”

Commented LYNCH, “I cannot imagine a more important and exciting time to join PANDORA. 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.”

PANDORA Co-Founder TIM WESTERGREN stepped down as CEO in JUNE, shortly after SIRIUSXM acquired a 19% stake for $480 million in the company and three seats on PANDORA’s board. The company also received $200 million from the sale of its TICKETFLY business to EVENTBRITE after acquiring it in OCTOBER 2015 for $335.3 million.

The company generated $5 billion in revenue and $746 million in net income in 2016, although it also lost $132 million in the most recent quarter. The company had 31.6 million subscribers at the end of Q1 of 2017, and expects to add 1.3 million paying subscribers in 2017.

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