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Spotify CFO Paul Vogel to leave the company in March 2024.
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Spotify begins search for new CFO.
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As the company search for a new CFO, vice president of financial planning and analysis Ben Kung will take additional responsibilities to support the financial team.
“Spotify has embarked on an evolution over the last two years to bring our spending more in line with market expectations while also funding the significant growth opportunities we continue to identify. I’ve talked a lot with Paul about the need to balance these two objectives carefully. Over time, we’ve come to the conclusion that Spotify is entering a new phase and needs a CFO with a different mix of experiences," CEO Daniel EK said in a statement.