Pandora CEO steps down following “sharp deterioration” in revenue.

Share prices plunged from DKK 147.50 to DKK 50 (£17.27 to £5.85) on release of the news, which has seen board member Marcello Bottoli take over the role in an interim capacity. Pandora has told investors to expect growth of 30 per cent in 2011 as part of an 18-month programme of corporate re-positioning.