Daniel Ek to step away from Spotify CEO position
After leading Spotify since its inception in 2006, Daniel Ek has been in charge. Now he’s stepping away from the CEO position, He will be replaced by co-CEOs, Gustav Söderström and Alex Norström. (If you watched Succession, you’ll know how difficult that can be,)
Ek will officially step down on January 1 and transition to the role of executive chairman, Everyone will still report to him and he’ll have a seat on the board.
Here’s Spotify’s statement:
“This evolution formalizes how Spotify has successfully operated since 2023 with the co-presidents largely leading strategic development and operational execution of Spotify. As executive chairman, Ek’s 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.”
Ek said this: “[I will] focus on the long arc of the company and keep the board and our co-CEOs deeply connected through my engagement.”
