(Reuters) -Spotify’s founder-CEO Daniel Ek will become executive chairman in January, the Swedish music streaming company said on Tuesday as it named longtime executives Gustav Soderstrom and Alex Norstrom as co-CEOs.

Ek, who has served on Spotify’s board since 2008, will focus on capital allocation and long-term strategy in what the company called a European-style chairman role.

Here are five key facts about Spotify’s new co-CEOs:

GUSTAV SODERSTROM

* Soderstrom holds a Master of Science degree in electrical engineering and data communications from Stockholm’s KTH Royal Institute of Technology.

* In 2003, he founded Kenet Works, a company that made community software for mobile phones and served as its CEO until it was acquired by Yahoo! in 2006.

* Before joining Spotify in 2009, Sod

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