Daniel Ek , the founder and CEO of Spotify , is moving upstairs to become the music streaming giant’s executive chairman.

Ek will make the switch from January 2026. In his place, Spotify has appointed co-CEOs: Gustav Söderström, co-president and chief product and technology officer, and Alex Norström, co-president and chief business officer.

Spotify said Ek’s role will reflect a European chairman setup, under which he will determine capital allocation, map the long-term future of Spotify, and provide support to the senior team.

“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. This change sim

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