Spotify has announced a major leadership shift set to take effect on Jan. 1, 2026, with founder and CEO Daniel Ek transitioning to the role of executive chairman, while current co-presidents Gustav Söderström and Alex Norström set to become co-CEOs.

Both will report to Ek and are expected to join Spotify’s board of directors, pending shareholder approval.

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This move formalizes a leadership structure that has been in practice since 2023, Spotify said in its announcement Tuesday (Sept. 30), with Söderström and Norström already leading st

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