LONDON (AP) — Spotify said Tuesday that founder Daniel Ek is stepping down as CEO to become the executive chairman, in an announcement that sent its shares sliding in premarket trading.

Related Articles

Spike Gjerde to open Harbor Point bistro in former Cindy Lou’s Fish House

Prices for home remodeling outpaced inflation in the second quarter due to labor costs

US consumer confidence declines again as Americans fret over prices, job market

US job openings barely budged in August at 7.2 million

How to avoid getting overcharged for live events

The Stockholm-based streaming giant said Ek will be replaced by two lieutenants who will become co-CEOs: Chief Product and Technology Officer Gustav Söderström and Chief Business Officer Alex Norström. The pair, who are also currently copresiden

See Full Page