"Daniel Ek, who co-founded Spotify and has been the most visible face of the company as it has grown into the world's biggest music streaming service, has announced that he will step down as the streaming giant's chief executive in January. Ek will remain with the company. He will transition to a new role of executive chairman, while Chief Product and Technology Officer Gustav Soderstrom and Chief Business Officer Alex Norstrom will step up into co-CEO roles."
""I always believed that Spotify could play an important role in revolutionizing listening around the world, and with more than 700 million users, we've truly charted a new course bringing creativity to every corner of the globe," Ek said in a statement. "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.""
Daniel Ek will step down as Spotify's chief executive in January and transition to executive chairman while Gustav Soderstrom and Alex Norstrom become co-CEOs. The company commended Soderstrom and Norstrom and described the change as solidifying the new leadership structure. Ek noted Spotify has more than 700 million users and that he has already delegated a large part of day-to-day management and strategic direction to Alex and Gustav. Ek will focus on the company's long arc and keep the Board and co-CEOs connected through his engagement. Spotify launched in Sweden in 2006 and expanded globally into podcasting, audiobooks and video. Artists have long criticized Spotify over payouts, and recent pressure grew after Prima Materia invested more than $700 million into Helsing, a German startup developing military technology.
Read at www.npr.org
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