Spotify co-founder, CEO Daniel Ek is stepping down. What we know.

Two decades after founding the world's most popular streaming service, Spotify founder and CEO Daniel Ek is stepping down.

Ek announced on Tuesday, Sept. 30 that he is stepping down as CEO, transitioning into a role as executive chairman, effective Jan. 1, 2026. Co-Presidents Gustav Söderström and Alex Norström will take over as co-CEOS, reporting directly to Ek, according to a Spotify news release .