Spotify’s Chief Financial Officer Paul Vogel To Step Down In March
deadline.comSpotify said chief financial officer Paul Vogel will be leaving at the end of March. The news comes several days after the music streamer announced about 1,500 layoffs, some 17% of its workforce.
The company has launched an external search for his successor but in the interim, Ben Kung, VP Financial Planning and Analysis, will take on expanded responsibilities to support the company’s realignment of its financial leadership team.
Vogel joined in 2016 and has been CFO since 2020. “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,” said founder and CEO Daniel Ek. “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.
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