Spotify Parts Ways With CFO Paul Vogel
variety.comTodd Spangler NY Digital Editor Spotify said chief financial officer Paul Vogel will leave the company next year and that it has launched a search to find a replacement.
Vogel’s last day at Spotify will be March 31, 2024. With Vogel exiting the company, Ben Kung, VP of financial planning and analysis, will “take on expanded responsibilities” to support the company’s realignment of its financial leadership team, Spotify said.
News of Vogel’s departure comes after Spotify announced on Dec. 4 it would lay off 17% of its workforce, eliminating some 1,500 jobs worldwide.
Daniel Ek, founder, chairman and CEO of Spotify, said in a statement that the company “is entering a new phase and needs a CFO with a different mix of experiences.” “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,” Ek said. “I’ve talked a lot with Paul about the need to balance these two objectives carefully.
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