Spotify co-founder Daniel Ek is stepping down as CEO, a major shift for the audio streaming giant he has led for nearly two decades. The company announced that starting January 1, 2026, Ek will become the Executive Chairman. He will be replaced by two long-time executives, Gustav Söderström and Alex Norström, who will act as co-CEOs. 1

Spotify presents this as a planned transition that has been in the works for years. The company recently achieved its first full year of profitability and has grown to over 700 million users. However, this leadership change comes as Ek faces intense criticism. His personal investments in a military AI company have sparked a boycott from artists and users, adding a layer of controversy to the story.

This article breaks down the official story, the controversy driving the backlash, and what this change means for Spotify’s future.

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