Spotify CEO Daniel Ek is stepping down in January, transitioning to an executive chairman role. Co-CEOs Gustav Söderström and Alex Norström will take over leadership. Ek cited his long-term focus on strategy and capital allocation as the reason for the change, noting Spotify's global growth and profitability. This announcement comes amid artist protests over Ek's investment in a defense technology company, leading some musicians to remove their music from the platform.

Prepared by Christopher Adams and reviewed by editorial team.