""Over the last few years, I've turned over a large part of the day-to-day management and strategic direction of Spotify to Alex and Gustav-who have shaped the company from our earliest days and are now more than ready to guide our next phase," Ek said in a statement. "This change simply matches titles to how we already operate. In my role as Executive Chairman, I will focus on the long arc of the company and keep the Board and our co-CEOs deeply connected through my engagement.""
"The company is replacing Ek with two co-CEOs chosen in house: Gustav Söderström, co-president, and chief product and technology officer; and Alex Norström, co-president and chief business officer. In a post on X, Ek also mentioned that Spotify has been profitable for over a year. Ek has served as Spotify's CEO since he founded it in 2006, so this is a big change in leadership for the streaming giant."
Daniel Ek will step down as Spotify CEO and become the company's executive chairman by the end of the year. Gustav Söderström and Alex Norström will serve as co-CEOs, taking responsibility for day-to-day management and strategic direction. Ek stated that he had already transferred much operational control to the two executives and will focus on long-term strategy and Board coordination. Spotify reported being profitable for over a year. Ek founded Spotify in 2006, making the leadership move a major change for the company. Ek also co-founded Neko in 2018 and manages investment firm Prima Materia, founded in 2021 with investor Shakil Khan.
Read at TechCrunch
Unable to calculate read time
Collection
[
|
...
]