As of Jan. 1, 2026, Ek will “transition” to the role of executive chairman of Spotify, the company said Tuesday. At that time, Gustav Söderström, currently co-president and chief product and technology officer, and Alex Norström, co-president and chief business officer, will become Spotify’s co-CEO. Söderström and Norström will report to Ek and both will also serve on the company’s board of directors (subject to shareholder approval).