Pandora Announces Chief Financial Officer Mike Herring 18 year track record of building global technology businesses and delivering sustainable long-term profitability and revenue growth

OAKLAND, Calif., Feb. 4, 2013 /PRNewswire/ -- Pandora (NYSE: P), the leading internet radio service, announced today that Michael Herring has joined the company as Chief Financial Officer.

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Pandora President and CEO Joe Kennedy said, "Mike's background is ideal for Pandora. He brings many years of executive-level leadership building global technology businesses from inception to sustainable long-term profitability and revenue growth.  We're delighted to have him on our management team and look forward to his contributions to Pandora as we define the future of radio."

"Pandora has experienced tremendous user adoption, market share and revenue growth while leading the charge to disrupt and redefine traditional broadcast radio," said Michael Herring, Pandora's new CFO. "Pandora has one of the most popular mobile applications in the world, and I'm excited to work with a company that's at the forefront of the mobile content explosion, from consumer usage to monetization." 

Mr. Herring has a wealth of knowledge about financial planning, rapid growth, and executive management of both private and public companies. He served as Vice President of Operations at Adobe Systems Incorporated for more than 3 years prior to joining Pandora. He also served as an Executive Vice President of Omniture Inc. since November 2004 and served as its Chief Financial Officer for five years. Prior to Omniture, he served as the Chief Financial Officer of MyFamily.com, Inc. (now Ancestry.com) where he led efforts that redefined its business model and made it a top-five subscription business on the Internet. Mr. Herring joined MyFamily.com through the acquisition of Third Age Media in October 2000, where he served as Vice President of finance, helping to grow it from concept to execution. Prior to Third Age Media, he served as Controller of Anergen Inc.

Mr. Herring is a Certified Public Accountant and holds a BA degree in Economics and Political Science from the University of California at Los Angeles.

ABOUT PANDORA

Pandora (NYSE: P) gives people music and comedy they love anytime, anywhere, through connected devices. Personalized stations launch instantly with the input of a single "seed" - a favorite artist, song or genre. The Music Genome Project®, a deeply detailed hand-built musical taxonomy, powers the personalization of Pandora® internet radio by using musicological "DNA" and constant listener feedback to craft personalized stations from a growing collection of hundreds of thousands of recordings. Tens of millions of people turn on Pandora every month to hear music they love. www.pandora.com 

SOURCE Pandora



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