They’ll tell you more about what this means in the coming days, but I’m confident that with their leadership, we’ll be able to achieve great things for Spotify. I’m happy to say that Gustav and Alex, who have been with Spotify for a long time and have done great work, will be leading these teams as co-presidents, effectively helping me run the company day-to-day. To do this, I will be centralizing the majority of our engineering and product work under Gustav as Chief Product Officer and the business areas under Alex as Chief Business Officer. To start, we are fundamentally changing how we operate at the top. So, in an effort to drive more efficiency, control costs, and speed up decision-making, I have decided to restructure our organization. And in a challenging economic environment, efficiency takes on greater importance. We still spend far too much time syncing on slightly different strategies, which slows us down.
While we have made great progress in improving speed in the last few years, we haven’t focused as much on improving efficiency. With this in mind, I have some important news to share today. It’s these two things together that will fuel our long-term success. For this reason, I continue to reiterate that speed is the most defensible strategy a business can have. Earlier today, CEO Daniel Ek shared the following note about the company’s organizational changes with all Spotify employees.Īs we say in our Band Manifesto, change is the only constant.
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