Spotify has announced a significant leadership transition as founder Daniel Ek steps down from his role as CEO to become Executive Chairman. This shift is part of a strategy to focus on the long-term vision of the company. Effective January 2026, Alex Norström and Gustav Söderström will take over as co-CEOs, marking a new chapter for the streaming giant. The announcement has resulted in a dip in Spotify shares, reflecting investor concerns about the leadership change.