Starting on January 1, 2026, Spotify will have two new CEOs at the helm. Current CEO Daniel Ek will step aside to become Executive Chair. In his place, Gustav Söderström and Alex Norström will run the streaming giant as co-CEOs.

Söderström and Norström currently hold senior officer positions with the company. They will be stepping up from co-president and chief product and technology officer, and co-president and chief business officer, respectively. Although they will be co-CEOs, they will still report to Ek, according to a report from Pitchfork. They are also slated to join Spotify’s board of directors pending approval.

While this move seems like a shake-up for Spotify’s hierarchy, in reality its daily operations will not change much. According to a statement from the company, the move

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