Spotify's Founder and CEO Daniel Ek Is Stepping Down (techcrunch.com)
(Tuesday September 30, 2025 @11:30PM (BeauHD)
from the musical-chairs dept.)
- Reference: 0179607054
- News link: https://slashdot.org/story/25/09/30/2237218/spotifys-founder-and-ceo-daniel-ek-is-stepping-down
- Source link: https://techcrunch.com/2025/09/30/spotifys-founder-and-ceo-daniel-ek-is-stepping-down/
Spotify founder Daniel Ek will [1]step down as CEO by year's end , transitioning to executive chairman after nearly two decades at the helm. In his place will be Gustav Soderstrom and Alex Norstrom as co-CEOs. TechCrunch reports:
> "Over the last few years, I've turned over a large part of the day-to-day management and strategic direction of Spotify to Alex and Gustav -- who have shaped the company from our earliest days and are now more than ready to guide our next phase," Ek said in a statement. "This change simply matches titles to how we already operate. In my role as Executive Chairman, I will focus on the long arc of the company and keep the Board and our co-CEOs deeply connected through my engagement."
>
> In [2]a post on X, Ek also mentioned that Spotify has been profitable for over a year. Ek has served as Spotify's CEO since he founded it in 2006, so this is a big change in leadership for the streaming giant.
[1] https://techcrunch.com/2025/09/30/spotifys-founder-and-ceo-daniel-ek-is-stepping-down/
[2] https://x.com/eldsjal/status/1972988617728700664
> "Over the last few years, I've turned over a large part of the day-to-day management and strategic direction of Spotify to Alex and Gustav -- who have shaped the company from our earliest days and are now more than ready to guide our next phase," Ek said in a statement. "This change simply matches titles to how we already operate. In my role as Executive Chairman, I will focus on the long arc of the company and keep the Board and our co-CEOs deeply connected through my engagement."
>
> In [2]a post on X, Ek also mentioned that Spotify has been profitable for over a year. Ek has served as Spotify's CEO since he founded it in 2006, so this is a big change in leadership for the streaming giant.
[1] https://techcrunch.com/2025/09/30/spotifys-founder-and-ceo-daniel-ek-is-stepping-down/
[2] https://x.com/eldsjal/status/1972988617728700664
Pfft (Score:2)
His work in assisting the music industry extend it's grip on music distribution is now being felt with a dearth of options for musicians. It's little wonder why music from the 90's is still popular.