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Spotify founder Daniel Ek has formally ended his tenure as CEO of Spotify, the increasingly controversial streaming giant he founded two decades ago.
As of 1 January 2026, Ek will “transition” to the role of executive chairman of Spotify, according to the company. Gustav Söderström, currently co-president and chief product and technology officer, and Alex Norström, co-president and chief business officer, will become Spotify’s co-CEOs.
According to a company statement, the executive change “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’s role “will more closely reflect a European chairman setup,” where he will oversee capital allocation and scope out the long-term future and strategy for Spotify while continuing to provide support and guidance to its senior team.
Ek added that the move has been made to allow him to shif
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