Spotify founder Daniel Ek is stepping down as CEO

Spotify CEO Daniel Ek has announced that he’s stepping down arsenic CEO, 2 decades aft founding the euphony streaming service. Ek volition modulation to an enforcement president relation astatine the institution connected January 1st, 2026, with Spotify co-presidents Alex Norström and Gustav Söderström acceptable to measurement successful arsenic co-CEOs.

“As Executive Chairman, I volition walk much of my clip connected the agelong arc: strategy, superior allocation, regulatory efforts, and the calls that volition signifier the adjacent decennary for Spotify,” Ek said successful a statement. “Gustav and Alex volition proceed to study to me, and we volition enactment intimately unneurotic with our Board of Directors.”

As co-presidents, Norström presently serves arsenic Spotify’s main concern officer, portion Söderström leads the company’s merchandise and exertion unit. Ek says his caller enforcement president relation reflects a European setup, and that helium volition clasp a hands-on attack to shaping the aboriginal of the company.

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