Spotify chief executive Daniel Ek is stepping down in a shake-up at the music streaming pioneer, with his role to be split between chief business officer Alex Norström and chief product and technology officer Gustav Söderström. Mr Ek plans to become executive chairman and participate in capital-allocation decisions, mapping the company’s long-term future and supporting the senior team. “We couldn’t be better positioned. And to be clear, I’m not leaving. I’ll remain deeply involved in the big, defining decisions about our future”, he wrote in a note to employees.

Spotify CEO Daniel Ek to step down as music streamer splits role
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