Daniel Ek, who co-founded Spotify and has been the most visible face of the company as it has grown into the world's biggest music streaming service, has announced that he will step down as the streaming giant's chief executive in January.

Ek will remain with the company. He will transition to a new role of executive chairman, while Chief Product and Technology Officer Gustav Söderström and Chief Business Officer Alex Norström will step up into co-CEO roles. In a press release, the company commended the work of Söderström and Norström, who became co-Presidents of Spotify in 2023, calling this a development that solidifies the company's new leadership structure.

"I always believed that Spotify could play an important role in revolutionizing listening around the world, and with more than 7

See Full Page