Pandora Media

Pandora CEO Tim Westergren departs

Pandora CEO Tim Westergren departs

Pandora, under intensifying pressure from music streaming rivals Spotify and Apple Music, said Tuesday that that Chief Executive Tim Westergren has stepped down from that role and is leaving the board.

Westergren, who co-founded Pandora 17 years ago, had a two-year stint as CEO from 2002 to 2004 and returned as CEO about 15 months ago. Since then, the company has revamped its $5-a-month Internet radio service, giving listeners the ability to skip and replay more songs. It also launched a new on-demand music service for $10 a month that lets users select the songs they want to hear, similar to what Spotify and Apple Music have offered.

But Pandora still trails its rivals in...

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