Pandora Hires New CFO
On Monday,Internet radio service Pandoraannounced it has hired away Adobe Systems' Vice President of Operations Michael Herring to serve as its new chief financial officer.
The move represents a return to a CFO role for Herring, who prior to joining Adobe held CFO positions at both Omniture (before Adobe bought it) and Ancestry.com (back when it was known as MyFamily.com).
Pandora investors took the news in stride Monday, holding the stock to just a 0.3% loss in a market where many companies fell much farther. Shares closed at $11.42.
The article Pandora Hires New CFO originally appeared on Fool.com.Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool recommends Adobe Systems. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.