Corner Office Adjustments At Spotify
• Spotify announced that Founder & CEO Daniel Ek will transition to the role of Executive Chairman, effective January 1, 2026. It was concurrently announced that Gustav Söderström, co-President/Chief Product and Technology Officer, and Alex Norström, co-President/Chief Business Officer, will become Spotify’s new co-CEOs. They will report to Ek and will also serve on the company’s Board of Directors, subject to shareholder approval. Pictured, (l-r): Ek, Söderström, and Norström
The company notes that this evolution “formalizes how Spotify has successfully operated since 2023 with the co-presidents largely leading strategic development and operational execution of Spotify.” As Executive Chairman, Ek “will determine capital allocation, map the long-term future of Spotify and continue to provide support and guidance to its senior team.”
“I always believed that Spotify could play an important role in revolutionizing listening around the world, and with more than 700 million users, we’ve truly charted a new course bringing creativity to every corner of the globe,” Ek remarked. “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 simply matches titles to how we already operate. In my role as Executive Chairman, I will focus on the long arc of the company and keep the Board and our co-CEOs deeply connected through my engagement.”
In a joint statement, Söderström and Norström said, “We’ve worked together a very long time and have seen Spotify through many different chapters. Nearly three years ago, when we stepped into our role as co-Presidents, we charged our teams with relentlessly focusing on building the best and most valuable experience available anywhere and that ambition hasn’t changed. While we bring different experiences and perspectives to the CEO role, we both have a strong bias to action and can’t wait to get started knowing that we will have Daniel’s full partnership and ongoing support.” These changes will all be effective January 1, 2026. [Photos courtesy of Spotify]
