\n<\/p>\n
\n\tMusic streamer Spotify said Tuesday that founder and CEO Daniel Ek will transition to the role of executive chairman, effective Jan. 1, 2026. The company also announced that Gustav S\u00f6derstr\u00f6m, co-president and chief product and technology officer, and Alex Norstr\u00f6m, co-president and chief business officer, as its co-CEOs. <\/p>\n
\n\tThey will report to Daniel Ek and will also serve on the company\u2019s board of directors, subject to shareholder approval.<\/p>\n
\n\t\u201cThis evolution formalizes how Spotify has successfully operated since 2023 with the co-presidents largely leading strategic development and operational execution of Spotify,\u201d the company said. \u201cAs executive chairman, Ek\u2019s role will more closely reflect a European chairman setup, where he will determine capital allocation, map the long-term future of Spotify and continue to provide support and guidance to its senior team.\u201d<\/p>\n
\n\tSaid Ek: \u201cI always believed that Spotify could play an important role in revolutionizing listening around the world, and with more than 700 million users, we\u2019ve truly charted a new course bringing creativity to every corner of the globe. Over the last few years, I\u2019ve turned over a large part of the day-to-day management and strategic direction of Spotify to Alex and Gustav \u2013 who have shaped the company from our earliest days and are now more than ready to guide our next phase. This change simply matches titles to how we already operate.\u201d<\/p>\n
\n\tEk added that in his new role he will \u201cfocus on the long arc of the company and keep the board and our co-CEOs deeply connected through my engagement.\u201d<\/p>\n
\n\tWoody Marshall, Lead Independent Director of Spotify\u2019s Board, said, \u201cThe Board has been working closely with Daniel on the evolution of Spotify\u2019s leadership structure for several years. We have tremendous confidence in Alex and Gustav as they step into these roles. They each have more than 15 years with the company and have been instrumental in driving our success and enabling Spotify to lead our industry. We are also thrilled that Daniel will be actively involved, giving Spotify both founder-led strategic stewardship and mentorship to the co-CEOs as the company continues to innovate and scale.\u201d<\/p>\n
\n\tThe new co-CEOs said in a joint statement, \u201cWe\u2019ve worked together a very long time and have seen Spotify through many different chapters. Nearly three years ago, when we stepped into our roles as co-Presidents, we charged our teams with relentlessly focusing on building the best and most valuable experience available anywhere and that ambition hasn\u2019t changed. While we bring different experiences and perspectives to the CEO role, we both have a strong bias to action and can\u2019t wait to get started knowing that we will have Daniel\u2019s full partnership and ongoing support.\u201d<\/p>\n
\n\tThese changes will all be effective January 1, 2026<\/p>\n","protected":false},"excerpt":{"rendered":"
Music streamer Spotify said Tuesday that founder and CEO Daniel Ek will transition to the role of executive chairman, effective Jan. 1, 2026. The company also announced that Gustav S\u00f6derstr\u00f6m, co-president and chief product and technology officer, and Alex Norstr\u00f6m, co-president and chief business officer, as its co-CEOs. They will report to Daniel Ek and<\/p>\n","protected":false},"author":1,"featured_media":24876,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[54],"tags":[10066,15067,9064,3298,1482,5647,15068],"class_list":{"0":"post-24875","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-entertainment","8":"tag-chairman","9":"tag-coceos","10":"tag-daniel","11":"tag-executive","12":"tag-names","13":"tag-spotify","14":"tag-transitions"},"_links":{"self":[{"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/posts\/24875","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=24875"}],"version-history":[{"count":0,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/posts\/24875\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/media\/24876"}],"wp:attachment":[{"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=24875"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=24875"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=24875"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}