FILE - In this Tuesday, Dec. 6, 2011, file photo, an Occupy Wall Street activist places tape on a boarded up house during a tour of foreclosed homes in the East New York neighborhood of the Brooklyn borough of New York. Goldman Sachs and Morgan Stanley announced Jan. 16, 2013, they will pay a combined $557 million to settle federal complaints that they wrongfully foreclosed on homeowners who should have been allowed to stay in their homes. (AP Photo/Mary Altaffer, File)
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FILE - In this Tuesday, Dec. 6, 2011, file photo, an Occupy Wall Street activist places tape on a boarded up house during a tour of foreclosed homes in the East New York neighborhood of the Brooklyn borough of New York. Goldman Sachs and Morgan Stanley announced Jan. 16, 2013, they will pay a combined $557 million to settle federal complaints that they wrongfully foreclosed on homeowners who should have been allowed to stay in their homes. (AP Photo/Mary Altaffer, File)
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In this Thursday, Jan. 10, 2013, photo, specialist Edward Zelles works on the floor of the New York Stock Exchange. Wall Street futures were mostly flat in world markets prior to the opening bell Friday Jan. 11, 2013. (AP Photo/Richard Drew)
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FILE - In this May 11, 2012 file photo, people stand in the lobby of JPMorgan Chase headquarters in New York. JPMorgan Chase reported a 55 percent jump in earnings for the last three months of 2012 as mortgage fees and other income surged. (AP Photo/Mark Lennihan, File)
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FILE - In this March 15, 2012 photo, a trader works in the Goldman Sachs booth on the floor of the New York Stock Exchange. Goldman Sachs announced Wednesday, Jan. 16, 2013 that its earnings almost tripled in the fourth quarter as investment banking revenues surged. (AP Photo/Richard Drew)
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FILE - In this May 14, 2012, file photo, people arrive at JPMorgan Chase headquarters in New York. Legal troubles and regulatory scuffles keep piling up for the banking industry, a fact that's sure to drag down results when the banks start reporting fourth-quarter earnings beginning Friday, Jan. 11, 2013. (AP Photo/Mark Lennihan, File)
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FILE - In this Tuesday, Sept. 25, 2012 file photo, a protester wears glasses with the euro and dollar symbols painted on the lenses before protesting the conservative government's handling of the economic crisis and to demand fresh elections, in Madrid. Many had hoped that 2012 would be the year when the global economy finally regained its vigor, but the three largest economies: The United States, China and Japan struggled, while the 17 countries that use euro endured a third painful year in their financial crisis and slid into recession, and emerging economies slowed. (AP Photo/Paul White, File)
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FILE - In this May 12, 21012 file photo, protesters pack the Puerta del Sol plaza in central Madrid. Worldwide growth was slack again in 2012. The global economy grew just 3.3 percent, down from 3.8 percent in 2011 and 5.1 percent in 2010, the International Monetary Fund estimates. (AP Photo/Paul White, File)
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FILE - In this Nov. 1, 2012 file photo, President Barack Obama speaks during a campaign event at Cheyenne Sports Complex in Las Vegas. In 2012, Obama vaulted to a re-election victory over Mitt Romney, who had staked his bid on the weakest U.S. economic rebound since the Great Depression and had pledged to slash taxes. Yet Obama won despite the highest unemployment rate of any president seeking re-election since World War II. (AP Photo/Pablo Martinez Monsivais, File)
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FILE - In this Nov. 16, 2012 file photo, President Barack Obama acknowledges House Speaker John Boehner of Ohio while speaking to reporters in the Roosevelt Room of the White House in Washington. A dreaded package of tax increases and deep spending cuts to domestic and defense programs loomed over the economy in 2012 as Congress and the White House negotiated the budgetary steps needed to avoid it. (AP Photo/Carolyn Kaster, File)
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FILE - In this May 18, 2012 file photo provided by Facebook, Facebook founder, Chairman and CEO Mark Zuckerberg, center, rings the Nasdaq opening bell from Facebook headquarters in Menlo Park, Calif. Years of anticipation led to Facebook's initial public offering of stock in 2012, the hottest Internet IPO since Google’s in 2004. Many of the 1 billion-plus users of the world’s largest online social network craved a chance to buy in early. On the eve of its first trading day, Facebook’s market value was $105 billion, yet the IPO bombed. (AP Photo/Nasdaq via Facebook, Zef Nikolla, File)
Pandora Media names Herring as its CFO
OAKLAND, Calif. (
AP) — Internet radio company
Pandora Media has named Michael Herring as its chief financial officer.
Herring succeeds the 61-year-old Steve Cakebread, who announced in August that he planned to leave the company by the end of the year.
Herring, 44, previously served as vice president of operations at Adobe Systems Inc. He also worked for Omniture Inc., serving in roles including executive vice president and CFO. Prior to that, Herring was CFO of MyFamily.com, which has since become Ancestry.com.
Shares of Pandora Media Inc., based in Oakland, Calif., closed at $11.42 on Monday.
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