Spotify’s founder and CEO Daniel Ek is stepping down

Spotify's founder and CEO, Daniel Ek, is stepping down from his position. The music streaming platform will be replacing Ek with two co-CEOs: Gustav Söderström, the current co-president and chief product and technology officer, and Alex Norström, the co-president and chief business officer. The transition in leadership comes as Spotify aims to streamline its operations and focus on its core business priorities. Ek, who has led the company since its inception in 2006, will remain involved as the executive chairman of the board, providing strategic guidance and overseeing the company's long-term vision. The co-CEOs, Söderström and Norström, are experienced Spotify executives who have played pivotal roles in the company's growth and development. The change in leadership is seen as a natural progression for the company as it continues to navigate the evolving music streaming landscape and explore new opportunities for expansion and innovation.