Exciting Changes at Spotify: Daniel Ek Steps into Executive Chairman Role, Alex Norström and Gustav Söderström to Lead as Co-CEOs Starting January 2026

Spotify is making some significant changes in its leadership. Starting January 1, 2026, Daniel Ek, the founder and current CEO, will step into the role of Executive Chairman. Meanwhile, Gustav Söderström and Alex Norström will become co-CEOs. Both have long histories with Spotify, shaping the company from its early days.

This move reflects how Spotify has functioned since 2023, with Söderström and Norström already taking on major responsibilities in guiding the company. Ek will focus on long-term strategies and capital allocation while still supporting the new co-CEOs.

Ek shared his belief in Spotify’s potential to change music listening worldwide. With over 700 million users now, he feels proud of their journey. He highlighted that the leadership adjustments better reflect how the company has been operating recently.

Woody Marshall, Lead Independent Director, expressed confidence in Söderström and Norström, stating they have both played key roles in the company’s growth. They bring over 15 years of experience and knowledge to their new roles.

In a joint statement, the new co-CEOs acknowledged their long partnership and commitment to enhancing Spotify’s user experience. They emphasized their shared vision and readiness to take on the challenges ahead, with Ek’s support.

As Spotify continues to innovate, these changes might signal a new chapter in the company’s evolution. For context, back in 2008, Spotify changed how people listened to music, and today it boasts more than 696 million users worldwide, including 276 million paying subscribers across 184 countries.

The upcoming leadership change highlights the company’s ongoing evolution in the competitive streaming landscape, where staying agile and user-focused is crucial. You can follow their journey further at Spotify’s Investor Relations.

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