Spotify's co-founder Daniel Ek is stepping down as CEO after nearly two decades, transitioning to the role of executive chairman. This leadership change will see co-presidents Gustav Söderström and Alex Norström take over as co-CEOs next year. This shift is significant as it marks a new chapter for the company, potentially influencing its future direction and strategy in the competitive music streaming industry.

Spotify's founder and CEO, Daniel Ek, is set to transition to the role of executive chairman in January 2026, marking a significant leadership change for the music streaming platform. This move is important as it allows Ek to focus on strategic initiatives while handing over day-to-day operations to co-CEOs Gustav Söderström and Alex Norström. This transition could signal a new era for Spotify, potentially enhancing its innovation and growth in the competitive music industry.

Spotify's founder Daniel Ek is set to step down as CEO and transition to the role of executive chairman starting January 1, 2026. This change marks a significant shift in leadership for the audio-streaming platform, with Gustav Söderström and Alex Norström taking on more prominent roles as co-presidents. This transition is important as it reflects Spotify's ongoing evolution and strategy to maintain its position in the competitive streaming market.