Spotify founder Daniel Ek formally terminates its service as CEO of the audio streaming giant.
As of January 1, 2026, EK will “switch” to the role of CEO of Spotify, the company said Tuesday. At that time, Gustav Söderström, currently with president and managerial product and technology manager, and Alex Norström, co-president and head of business manager, will become Spotify’s co-CEO. Söderström and Norström will report to EK and both will also work on the company’s board (subject to the shareholder’s approval).
According to the company “formalizes the executive change how Spotify has successfully operated since 2023 with the presidents to a large extent leading strategic development and operational implementation of Spotify.” As the CEO, EK’s role “will be more closely reflected a European chairman”, where he will monitor capital distribution and include the long -term future and the strategy for Spotify as he continues to provide support and guidance to his older team.
“I always thought Spotify could play an important role in revolutionizing listening around the world, and with more than 700 million users, we have really mapped a new course that gives creativity to every corner of the world,” Ek said in a statement. “In recent years, I have turned over a large part of the daily management and the strategic direction for Spotify to Alex and Gustav-which has shaped the company from our earliest days and is now more than ready to guide our next phase. This change simply matches titles to how we already work.”
Ek, 42, founded Spotify in 2006 and has been a member of the Board SINCE JULY 21, 2008. Prior to Spotify, He Founded Advertigo, an Online Advertising Company Acquired by Tradedouble, Held Various Senior Rolles at the Nordic Auction Company Chief Technology Officer at Stardoll, A Fashion and Entertainment Community for Pre-Teens.
Woody Marshall, leading independent Director of Spotify’s Board of Directors, said: “The Board has worked closely with Daniel for the development of Spotify’s leadership structure for several years. We have tremendous confidence in Alex and Gustav when they enter into these roles. They also have more than 15 years with the company and have been instruments to drive our success and enable our sectors. renew and scale. ”
The New Co-Ceos Said in a Joint Statement, “We’ve Worked Together A Very Long Time and Have Seen Spotify Through Miggy Different Chapters. Nearly Three Years Ager, When We Stepped Into Our Roles as Co-Presidents, We Charged WORE TEAMS WE CO Valuable Experience available anywhere and that ambition Hasn’t Changed. While We Bring Different Experiences and Perspectives to the Ceo Role, We Both have a Strong Bias to Action and Can’t Wait To Get Started.
