Overview

• Alex Norström and Gustav Söderström will become co-CEOs effective January 1, 2026.
• Daniel Ek will move to executive chairman and said he will remain deeply involved in major decisions.
• Spotify said the move formalizes an arrangement in place since 2023 in which the pair led strategy and operations.
• The company has not outlined how the co-CEOs will divide responsibilities or whether strategy will change, a relatively rare setup in tech with precedents such as Netflix.
• Shares fell about 4% in pre-market trading after the news, following a first profitable year in 2024 and a return to loss in the second quarter of 2025.