Daniel Ek Is Stepping Down As Spotify Ceo

Spotify laminitis and CEO Daniel Ek will beryllium transitioning to nan domiciled of executive president connected January 1 of adjacent year. The existent Co-President and Chief Product and Technology Officer Gustav Söderström and Co-President and Chief Business Officer Alex Norström will return his spot arsenic co-CEOs.

“Over nan past fewer years, I’ve turned complete a ample portion of nan day-to-day guidance and strategical guidance of Spotify to Alex and Gustav — who person shaped nan institution from our earliest days and are now much than fresh to guideline our adjacent phase. This alteration simply matches titles to really we already operate. In my domiciled arsenic Executive Chairman, I will attraction connected nan agelong arc of nan institution and support nan Board and our co-CEOs profoundly connected done my engagement," Ek said successful a statement.

In a missive to Spotify employees, Ek besides shared that he wants to thief create much technology-driven "supercompanies" that "tackle immoderate of nan biggest challenges of our time."

As a caller illustration of Ek's different interests, this summertime he led a $700 cardinal finance information into nan defense tech patient Helsing. The institution sells AI-powered package that analyzes weapons and sensor information successful battlefields to thief pinch subject decision-making. Last twelvemonth Helsing started manufacturing a statement of military drones. Ek has received pushback connected this finance successful nan shape of a number of smaller artists, arsenic good arsenic Massive Attack pulling their euphony catalogs from Spotify.

Daniel Ek founded Spotify successful 2006 alongside Martin Lorentzon and oversaw nan company's maturation to almost 700 cardinal monthly progressive listeners. It's been a engaged twelvemonth for nan euphony streaming giant, which yet started offering lossless streaming aft a multi-year wait.

The institution besides finds itself astatine a crossroads arsenic much AI-generated music is making its measurement to nan platform. The institution precocious made some argumentation changes to reside AI, though this was only aimed astatine fraudulent and deceptive uses of nan technology. Fully AI-generated songs and albums are still permitted.