Spotify (SPOT) founder and CEO Daniel Ek will step down from his role at the helm of the streaming giant and transition to executive chairman effective January 1, 2026, the company announced early Tuesday. Shares dropped in the immediate aftermath of the news, falling as much as 5% in premarket trading. In his new position, Ek will focus on long-term strategy, capital allocation, and founder-led guidance. Gustav Söderström, Spotify’s Chief Product and Technology Officer, and Alex Norström, Chief Business ...