Spotify founder Daniel Ek is formally ending his tenure as CEO of the audio-streaming giant.

As of Jan. 1, 2026, Ek will “transition” to the role of executive chairman of Spotify, the company said Tuesday. At that time, Gustav Söderström, currently co-president and chief product and technology officer, and Alex Norström, co-president and chief business officer, will become Spotify’s co-CEO. Söderström and Norström will report to Ek and both will also serve on the company’s board of directors (subject to shareholder approval).

According to the company, the executive change “formalizes how Spotify has successfully operated since 2023 with the co-presidents largely leading strategic development and operational execution of Spotify.” As executive chairman, Ek’s role “will more closely ref

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