Spotify’s founder and CEO Daniel Ek is stepping down
In Brief Music streaming giant Spotify said on Tuesday that its founder, Daniel Ek, is stepping down as CEO and will become the company’s executive chairman by the year’s end. The company is replacing Ek with two co-CEOs chosen in house: Gustav Söderström, co-president, and chief product and technology officer; and Alex Norström, co-president and chief business officer. “Over the last few years, I’ve turned over a large part of the day-to-day management and strategic direction of Spotify to A