Herring Named CFO, Pandora Media
Pandora Media named former Adobe Systems executive Michael Herring as CFO of the Internet radio company, reports Smart Money. His predecessor, Steve Cakebread, joined Pandora in 2010 and oversaw its IPO in 2011. Peviously, Herring served as vice president of operations at Adobe for more than three years. The company has recorded higher revs but royalty costs for the songs it plays. The stock is up 25% this year.