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Benzinga
Benzinga
Business
Akanksha Bakshi

Spotify Leadership Shake-Up Not So 'Disruptive' As Ek Moves To Executive Chair Role: Analyst

Spotify Daniel Ek Alex Norström Gustav Söderström Barton Crockett
The,Spotify,Icon,Is,Displayed,On,A,Smartphone,With,Spotify

Reshaping its leadership structure for the first time in nearly two decades, Spotify Technology S.A. (NYSE:SPOT) said founder and CEO Daniel Ek will transition to executive chairman next year, while co-presidents Gustav Söderström and Alex Norström will assume co-CEO roles on Jan. 1.

Rosenblatt Securities analyst Barton Crockett called the move “minimally disruptive.” Ek has ongoing influence through dual-class shares and voting control with co-founder Martin Lorentzon.

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