The firm’s founder, Daniel EK, will occupy another role within the structure. The company said that change is a simple formalization of a model that has been operating since 2023.
Spotifythe famous company behind the music and podcast platform, announced an important restructuring that will enter into force on January 1, 2026. Daniel Ekfounder and current CEO, will assume the position of Executive Presidentwhile Gustav Söderström, co -chair and product director and technology, and Alex Norström, co -president and commercial director, will be appointed executive co -directors.
Spotify will change CEO
The company said This change formalizes a model that has been working since 2023when Söderström and Norström began to lead much of the strategic development and operational execution. As executive president, EK will adopt a role similar to that of European presidents, focus on the capital allocation, long -term planning and the accompaniment of the management team.
“I always believed that Spotify could play an important role in the listening revolution worldwide, and with more than 700 million users we have drawn a new direction leading creativity to all corners of the planet,” said EK. Then, the current CEO added that the decision reflects the way in which the company already operated, highlighting the preparation of its two trusted partners to lead the next stage.
Spotify
Woody MarshallMain Independent Director of the Council, supported the transition: “The Council has collaborated closely with Daniel in this evolution for several years. We have full confidence in Alex and Gustav, who have been in the company for more than 15 years and have been fundamental to consolidate Spotify as an industry leader.”
Long -term focus
In a joint statement, future executive co -directors highlighted their commitment to continue strengthening user experience: “Almost three years ago we asked our teams to focus on creating the best and most valuable experience available, and that ambition has not changed.”
With this new structure, Spotify seeks to maintain the innovation that has characterized itensuring the strategic vision of its founder and at the same time consolidating a shared leadership that prepares the company for its next phase of global growth.
While the change aims to be positive, Spotify actions fell 7% in the New York Stock Exchange, since investors doubt that the transition contributes clear benefits.
Source: Ambito
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