Spotify's Daniel Ek Steps Down as CEO, Names Co-CEOs for 2026
Spotify, the world's leading music streaming service, made its stock market debut in 2018. Today, it boasts over 700 million users and a market capitalisation of $149 billion. Daniel Ek, who co-founded the company in 2006, has announced a significant leadership change.
Ek, who has been at the helm as CEO since the company's inception, will step down from the position. However, he will continue to play an active role within Spotify, transitioning to the executive chairman position. This change will take effect on January 1, 2026.
Taking over from Ek will be a duo: Gustav Soderstrom and Alex Norstrom. They will become co-CEOs, sharing the responsibility of leading the company into the future. The exact timing of Ek's departure from the chairman role remains uncertain, as the available information does not specify this detail.
Spotify's leadership change sees Daniel Ek stepping down as CEO but remaining involved as executive chairman. Gustav Soderstrom and Alex Norstrom will jointly take the reins as co-CEOs, starting in 2026. This shift signals a new chapter for the music streaming giant, with Ek's continued involvement ensuring a blend of fresh leadership and institutional knowledge.
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