Spotify founder Daniel Ek stepping down as CEO, company names co-CEOs to replace him
Spotify's CEO Daniel Ek will step down on Jan. 1, 2026, after two decades in the role. Gustav Söderström and Alex Norström will replace Ek as co-CEOs.
Downgrade, C-Suite Split Send Spotify Stock Lower
Shares of Spotify Technology SA (NYSE:SPOT) are 2.8% lower to trade at $707.60 this morning, after the music streaming company announced CEO Daniel Ek plans to resign, and will be replaced by co-CEOs Alex Norström and Gustav Söderström, effective Jan. 1.
Spotify Shares Dip 4% After Founder Daniel Ek Exits As CEO
Ek has a fortune estimated at $10.3 billion, ranking him the 293rd-richest person in the world as of Tuesday. He holds roughly 9% of Spotify's shares and has benefited from the stock nearly doubling over the last year, as his net worth swelled from about $4.2 billion last year and $2.3 billion in 2023.
Spotify shuffles the pack as founder Ek steps down
From playlists to power shifts: Spotify Technology SA (NYSE:SPOT) is shuffling its top deck. Daniel Ek, who founded the streaming service in 2006 and has led it ever since, will step aside as chief executive by year-end to become executive chairman.
Spotify's founder and CEO Daniel Ek is stepping down
Music streaming giant Spotify said on Tuesday that its founder, Daniel Ek, is stepping down as CEO and will become the company's executive chairman by the year's end.
Spotify Founder Daniel Ek Leaving CEO Job
The audiostreaming platform's founder, who will become executive chairman, plans to hand top role to two deputies.
Spotify's founder-CEO Daniel Ek to become executive chairman
Spotify said on Tuesday its founder-CEO Daniel Ek will shift to executive chairman role from January 1, while Gustav Soderstrom and Alex Norstrom will become co-CEOs.
Spotify denies recent accusation that it changed its terms for artists
This week, Spotify publicly addressed misinformation circulating about its terms of use.
Spotify moves to tackle AI abuse with transparency measures
Spotify on Thursday unveiled several measures to encourage artists and publishers to be more transparent about their use of artificial intelligence, as well as to limit certain abuses.
Spotify: Testing The Limits Of Elasticity With Fresh Price Increases
Spotify Technology is thriving despite a tough macro environment, as music streaming remains a non-negotiable expense for many consumers. In September, the company will raise prices in non-U.S. markets by ~9%, which will further bolster the company's margin profile and revenue growth. Spotify's stock has surged ~50% year-to-date, driven by robust retention and progress toward margin improvement targets.
Can SPOT Maintain Its Growth-Profit Balancing Act Amid Headwinds?
Spotify balances user expansion with high expenses, leading investors to monitor margins and future profitability closely.
Spotify will raise prices as music giant introduces new features, eyes 1 billion users: report
Spotify said earlier this month it would increase the monthly price of its premium individual subscription in some markets in September.
