Spotify Stock Drops As Founder & CEO Daniel Ek To Become Exe. Chairman; Names New Co-CEOs
Shares of Spotify Technology S.A. (SPOT) were losing around 4 percent in the pre-market activity, after the firm announced Tuesday that its Founder and Chief Executive Officer Daniel Ek will transition to the role of Executive Chairman. The Music streaming platform, with more than 700 million users, appointed Gustav Sderstrm and Alex Norstrm to succeed Ek as its co-Chief Executive Officers. All these changes will be effective January 1, 2026.Sderstrm is currently the firm's co-President and Chief Product a ...