Celebrity News
Spotify CEO Daniel Ek to Step Down After Two Decades
Daniel Ek, who helped build Spotify from its startup roots into the world’s leading music platform, is preparing to exit the CEO role after nearly 20 years. On January 1, 2026, Ek will step down as CEO and move into a new role as Executive Chairman.
Taking over leadership duties will be Alex Norström and Gustav Söderström, who will share the title of co-CEOs. The pair have already been handling much of the company’s day-to-day, making the move feel more of a formal transition than a sudden change
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In a statement, Ek explained his new focus: “As Executive Chairman, I will spend more of my time on the long arc: strategy, capital allocation, regulatory efforts, and the calls that will shape the next decade for Spotify. Gustav and Alex will continue to report to me, and we will work closely together with our Board of Directors.” The announcement surprised investors, with Spotify’s stock dipping after the news. But Ek emphasized that he isn’t leaving Spotify entirely—his new position keeps him deeply involved in steering the company’s future.
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Back in 2006, Ek co-founded Spotify, a startup that grew into the world’s biggest music streaming platform and changed the way people listen to music. Fast forward to today: Spotify now counts over 700 million of users and has stretched far past music, adding podcasts and audiobooks to its library. Of course, dominance comes with pushback.
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Ek’s decision marks a turning point for Spotify, handing the day-to-day to new leadership while keeping his fingerprints on the company’s future. he will continue to shape the company’s direction through his role as Executive Chairman.