Paul Vogel, Spotify’s Chief Financial Officer, Will Step Down on March 31, 2024

Paul Vogel, the chief financial officer of Spotify Technology, has announced his departure from the firm effective March 31, 2024. The business has started looking outside the firm for his replacement.

[{"selector":"#anim-e118dfd0-1162-4cb8-99be-2a353d403fc4 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-14.129041975843194%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

I’ve discussed the necessity of properly balancing these two goals with Paul a lot.

[{"selector":"#anim-16e22934-d0fb-4b7c-b792-0efddf0431e5","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-15d1f0a6-f808-4106-a523-c7ec54b686bb","keyframes":{"transform":["translate3d(0px, 105.65881%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-44afc839-f3dd-4d3e-a00b-fdd7346e73d4","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7fd42bb8-c70b-433b-b54c-b32b5642590b","keyframes":{"transform":["translate3d(0px, 283.93724%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2a4eb421-d195-4f02-b61c-bd891eea7390 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(2.3183521276450207%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

We’ve determined over time that Spotify is going through a transition and requires a CFO with a distinct set of skills.

[{"selector":"#anim-788e4fdd-9ede-4248-8236-c0433b8d3f1a [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-8b8d1963-9317-4191-89e9-f06cc8e71781","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-41763e7f-6156-468e-9ae4-014024ec632e","keyframes":{"transform":["translate3d(0px, 105.65881%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-735cb286-f48b-4292-812d-b3cf9fd8ff8c","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c12a852e-1f96-45df-b319-915c7d2c8226","keyframes":{"transform":["translate3d(0px, 169.62485%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

We are in a strong position as we begin the process of finding a new leader.

[{"selector":"#anim-730556e1-439b-4243-a6e3-c3c135c49549 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(13.73779215823428%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-1adb58d6-368f-4b2a-b91e-7cd66dbdf1fd","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8aa118f0-68f3-4fe1-a501-12e5ef3001b2","keyframes":{"transform":["translate3d(0px, 105.65881%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3ed7af43-466a-4165-86f3-d2f644c34e43","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-57c815a0-de62-4e9f-93a8-4092108cbf74","keyframes":{"transform":["translate3d(0px, 283.93724%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Our latest initiatives will help us expedite our efforts to meet the objectives we set forth at our Investor Day

[{"selector":"#anim-9f21d6c8-5e84-454e-afa5-ff0a4bd83c37 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-18.320224637915885%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-9d8c3289-0b68-49b0-a05b-b4537ba23dca","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-70d79388-e125-4f75-a6db-02a083d5ada3","keyframes":{"transform":["translate3d(0px, 105.65881%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a64013c8-7ffa-4bf2-8592-c13ed2b95f90","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-974187c0-45ca-40fc-aec9-f67c8cd07df0","keyframes":{"transform":["translate3d(0px, 210.66314%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

The share price surge has been sustained by investors; on Wednesday, it reached a 52-week high of $202.88 during trade

[{"selector":"#anim-1305f908-e174-4782-8271-c6385eecf838 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-3.552713678800501e-15%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-52bf3b97-ef57-43b8-a7b0-2a00bc575a78","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-746ab0f9-6c2b-4218-8fad-35b884dd62f4","keyframes":{"transform":["translate3d(0px, 105.65881%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ea7d09bc-6f54-4a0b-baa2-a4cb8837a81c","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-203fce18-c124-4984-bd84-a958d9a3342a","keyframes":{"transform":["translate3d(0px, 169.62485%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]