Spotify’s founder and CEO Daniel Ek is stepping down
Spotify’s founder and CEO Daniel Ek is stepping down
In Brief
Posted:
Music streaming giant Spotify said on Tuesday that its founder, Daniel Ek, is stepping down as CEO and will become the company’s executive chairman by the year’s end.
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.
“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.”
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.
Ek in 2018 also co-founded a body scanning health startup called Neko, which raised $260 million in Series B funding at a $1.8 billion post-money valuation earlier this year. He also runs an investment company called Prima Materia, which he founded in 2021 alongside Spotify investor Shakil Khan.
Newsletters
Subscribe for the industry’s biggest tech news
Related
Latest in Media & Entertainment
Sponsored
Sponsored
Sponsored
Sponsored
Ads
Categories
Read More
On July 7, 2025, the moon will be in a specific phase that affects how it looks in the night sky. While we can't say exactly what the moon will look like without the ability to predict the weather, we can share that this date will bring a unique view of our lunar neighbor. Many people enjoy observing the moon, whether for its beauty or as part of their nighttime routine. If you're curious...
Fashion retailers partner to offer personalized AI styling tool ‘Ella’ The luxury membership platform Vivrelle, which allows customers to rent high-end goods, announced Thursday the launch of an AI personal styling tool called Ella as part of its partnership with fashion retailers Revolve and FWRD. The launch is an example of how the fashion industry is leveraging AI technology to enhance...
Madagascar's King Toera: France returns skull of monarch killed during colonial eraThe head of a Malagasy king killed by French troops during a colonial-era war has been formally returned to Madagascar.The handover of King Toera's skull - and those of two other members of his court - took place at a ceremony at the culture ministry in Paris.The skulls had been brought to France at the end of...
Today's NYT Strands Hints, Answers and Help for Sept. 17 #563Looking for the most recent Strands answer? Click here for our daily Strands hints, as well as our daily answers and hints for The New York Times Mini Crossword, Wordle, Connections and Connections: Sports Edition puzzles.Today's NYT Strands puzzle is a fun one. Hint: The words are paired, and once you find one, it's...
At least 44 killed, hundreds missing after Hong Kong high-rise blazeAt least 44 killed, hundreds missing after Hong Kong high-rise blaze A massive fire tore through a high-rise housing complex in Hong Kong on Wednesday. Authorities say at least 44 people have died in the fire and 279 people are still missing. World November 27, 20254:59...
