Spotify founder Daniel Ek is stepping down as CEO
Spotify's founder, Daniel Ek, has announced that he will step down as CEO on January 1st, 2026. Ek will transition to an executive chairman role, while Spotify co-presidents Alex Norström and Gustav Söderström will become the new co-CEOs. The leadership change is part of Spotify's long-term plan, and the company's board of directors has expressed confidence in Norström and Söderström's ability to lead the company. Ek plans to focus more on Spotify's long-term strategy, capital allocation, and regulatory efforts in his new role as executive chairman. Alongside his work at Spotify, Ek has also been shifting his focus towards other business interests, including a recent €600 million investment in the German drone maker Helsing, where Ek serves as chairman. This investment has drawn criticism from some artists, who have decided to remove their music from Spotify's platform.
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