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Pandora Hires New CFO

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On Monday, Internet radio service Pandora (NYSE: P  ) announced it has hired away Adobe Systems' (NASDAQ: ADBE  ) 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.


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Rich Smith
TMFDitty

As a defense writer for The Motley Fool, I focus on defense and aerospace stocks. My job? Every day of the week, I'm monitoring the news, figuring out the winners and losers, and tracking down the promising companies for you to invest in. Follow me on Twitter or Facebook for the most important developments in defense & aerospace, and other great stories.

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Related Tickers

7/31/2015 3:59 PM
ADBE $81.99 Up +0.70 +0.86%
Adobe Systems CAPS Rating: **
P $17.52 Up +0.61 +3.61%
Pandora Media CAPS Rating: *

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