Daniel Ek retreats like SpotifyThe Chief Executive Director in January 2026 became the executive chairman, while the two current high-ranking officers will take on the duties of the co-director.
The stream giant announced today the news that Gustav Sederstre (co-chair and chief employee for products and technologies) and Alex Norstrem (co-chair and chief business director) will become co-director of Spotify as of January 1, reporting EK. In anticipation of the approval of the shareholders of Söderström and Norström, they will also join the board of directors.
According to the company Press releaseThis change in the leadership formalizes how Spotify apparently acted since 2023, “with co-authors of leading strategic development and operational performance of Spotify.”
In your own statementThe co -founder EC emphasized that he had already “turned most of the everyday management and strategic direction of Spotify for Alex and Gustav,“ repeating that “the change is simply corresponding to the names with how we are already working.”
The new role of EK was compared with the role of the chairman of the European company, which gives him the opportunity to build up the long -term direction of the streamer, determine the distribution of capital and support the senior team.
Changes occur after a wide publication of EK investments in the Helsing Contractor, causing the last wave of Spotify Exodus, which included such artists as Sylvana Eso, Bodzet you! Black Emperor, King Gizzard & The Lizard Wizard, Deerhoof, Xiu Xiu, hot line TNT, Sunsetter and Fiver, shooting their catalogs from the platform.