Spotify founder Daniel Ek to step down as chief executive

Spotify founder Daniel Ek is stepping down as CEO after two decades, with plans to transition to the role of executive chairman. This move formalizes the leadership structure that has been in place since 2023. Despite its success with over 700 million monthly users globally, Spotify has faced criticism from musicians over payment practices. Ek's transition will allow him to focus on long-term strategy while staying "deeply involved" in important decisions.