Sony Alpha User/iStock Editorial via Getty ImagesListen below or on the go on Apple Podcasts and SpotifySpotify’s Ek moves to chairman role after two decades as CEO. (2:45)This is an abridged transcript of the podcast:Our top story so far, Spotify (NYSE:SPOT) CEO Daniel Ek is ceding his leadership role in the company, transitioning to executive chairman after nearly two decades at the helm. Ek has held the top job since the company was founded in April 2006 alongside Swedish entrepreneur Martin Lorentzon. The company has picked tech chief Gustav Söderström and business chief Alex Norström as new co-CEOs, reporting to Ek. The prior Kalski trading platform record was $245 million on Election Day 2024.