Spotify CEO Daniel Ek has announced that he’s stepping down as CEO, two decades after founding the music streaming service. Ek will transition to an executive chairman role at the company on January 1st, 2026, with Spotify co-presidents Alex Norström and Gustav Söderström set to step in as co-CEOs.
“As Executive Chairman, I will spend more of my time on the long arc: strategy, capital allocation, regulatory efforts, and the calls that will shape the next decade for Spotify,” Ek said in a statement. “Gustav and Alex will continue to report to me, and we will work closely together with our Board of Directors.”
As co-presidents, Norström currently serves as Spotify’s chief business officer, while Söderström leads the company’s product and technology unit. Ek says his new executive chairman role reflects a European setup, and that he will retain a hands-on approach to shaping the future of the company.
This story is developing…
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