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Spotify’s longtime Chief Executive Daniel Ek said Tuesday that he is stepping down from his position next year and will become executive chairman.

Ek co-founded the Swedish audio company in 2006 and has served as CEO since the beginning.

His vision was to find a way to fight against music piracy by offering a platform where consumers could pay to stream music.

Spotify has grown to more than 700 million users and has expanded into new categories beyond music, including podcasts and audiobooks. Spotify has a large office in downtown Los Angeles.

Gustav Söderström, chief product and technology officer; and Alex Norström, chief business officer, who have served as the company’s co-pr

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