Tue, 30 Sep 2025

Tue, 30 Sep 2025 Spotify founder Daniel Ek to step down as chief executive

The billionaire will remain involved in the company as executive chairman.

* Daniel Ek, Spotify's founder and CEO, will officially step down after two decades at the helm of the company.
* He will be replaced by co-presidents Gustav Söderström and Alex Norström, who have been with the company for over 15 years.
* Ek will remain on as executive chairman, overseeing long-term strategy and capital allocation.
* The arrangement is a formalization of how the company has operated since 2023, when Ek handed over day-to-day management to his deputies.
* Ek will continue to be involved in big decisions, but with a focus on strategy rather than operational matters.
* The change is expected to take effect at the end of the year.
* Spotify's shares sank more than 4% after news of the decision was announced.
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