market movers

Streaming music pioneer names CEO

CEO Brian McAndrews.
Pandora via Associated Press
CEO Brian McAndrews.

Pandora Media named ad executive and venture capitalist Brian McAndrews CEO to help the Internet radio company build its online ad business. McAndrews comes from venture capital firm Madrona Venture Group, Microsoft, and digital marketing giant aQuantive. He succeeds Joe Kennedy as chief, president and chairman, Pandora said. Pandora is a pioneer in the business of streaming music over the Internet, but the field has been getting crowded in recent years with rival services from Apple and European start-up Spotify.