Yesterday, Spotify founder and CEO Daniel Ek announced that he’ll be stepping down in the new year. Two of his top executives, Gustav Söderström, chief product and technology officer, and Alex Norström, chief business officer, will take over as co-CEOs in his place.
With that news, the music streamer became the third company to choose the co-CEO route within the space of just over a week. A few days earlier, on Sept. 29, Comcast said that its sitting CEO Brian Roberts will be joined by Michael Cavanagh, former president, in January. (The arrangement is being read as part of a succession plan.) And at Oracle a week before, ex-CEO Safra Catz moved into the vice-chair role, and was replaced by Clay Magouyrk, former head of Oracle Cloud Infrastructure, and Mike Sicilia, who previously ran Oracle Industries.
