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Pandora CEO Tim Westergren reportedly will step down

This time, no encore? Pandora's co-founder and CEO is planning to step down from his second stint at the helm of the music-streaming company, according to a report.

Joan E. Solsman Former Senior Reporter
Joan E. Solsman was CNET's senior media reporter, covering the intersection of entertainment and technology. She's reported from locations spanning from Disneyland to Serbian refugee camps, and she previously wrote for Dow Jones Newswires and The Wall Street Journal. She bikes to get almost everywhere and has been doored only once.
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Joan E. Solsman
Pandora CEO Tim Westergren at a holiday event

Tim Westergren returned as Pandora's CEO in 2016. 

 Getty

Tim Westergren, who co-founded Pandora 17 years ago and who's been serving his second round as CEO for the past year, plans to step down, Recode reported Sunday.

Pandora started as a vanguard of music streaming with its digital version of radio, but it has lost steam over the last five years to faster-growing rivals like Spotify and Apple Music. Earlier this month, Pandora agreed to sell a 19 percent stake in the company to SiriusXM in exchange for a $480 million infusion. 

The company hasn't selected a replacement for Westergren, who is expected to stay on until a new CEO is in place, according to the report. 

Pandora declined to comment. 

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