Tesla Q1 2026 Deliveries Miss Estimates as AI Strategy Takes Center Stage 
SoftwareONE Posts 22.5% Revenue Surge in 2025 on Crayon Acquisition 
Annie Altman Amends Sexual Abuse Lawsuit Against OpenAI CEO Sam Altman 
Paramount Skydance Secures $24B from Gulf Sovereign Wealth Funds for Warner Bros. Discovery Takeover 
Britain Courts Anthropic Amid US Defense Department Dispute 
Microsoft Eyes $7B Texas Energy Deal to Power AI Data Centers 
Fonterra Admits Anchor Butter "Grass-Fed" Label Misled Consumers After Greenpeace Lawsuit 
Private Credit Under Pressure: Is a Slow-Motion Crisis Unfolding? 
Norma Group Posts Revenue Decline in 2025, Eyes Modest Recovery in 2026 
UPS and Teamsters Reach Agreement to Limit Driver Severance Program 
MATCH Act Targets ASML and Chinese Chipmakers in New U.S. Export Crackdown 
TSMC Japan's Second Fab to Produce 3nm Chips by 2028 
Deere & Company Agrees to $99 Million Settlement Over Right-to-Repair Dispute 
UAE's Largest Natural Gas Facility Suspended After Attack-Triggered Fire 
RBC Capital: European Medtech Firms Show Minimal Middle East and Energy Risk Exposure 
Apple Turns 50: From Garage Startup to AI Crossroads 
SpaceX IPO: Retail Investors to Play Historic Role in Record-Breaking Public Offering 
Spotify revealed that its chief financial officer, Paul Vogel, is stepping down and set to leave in March 2024. This comes just a few days after the company announced it is laying off about 1,500 employees.
As per Deadline, Spotify already launched its search for a new CFO and is looking outside the company. In the meantime, it has appointed Ben Kung, the current vice president of planning and analysis, in the interim post.
Vogel’s Time in the Company
Paul Vogel joined Spotify in 2016 and has held the CFO post since 2020. His decision to step down will end his almost eight-year tenure at the Swedish music streaming company.
Vogel took over the CFO role at Spotify from Barry McCarthy, who the company said has retired. In any case, the reason for his departure was not mentioned.
Spotify Looks Forward to Recruiting the Best Exec to Replace Vogel
The outgoing chief financial officer joined Spotify with vast work experience from major companies. Before joining the company, Vogel mostly worked as an equity research analyst and portfolio manager in the investment sector.
He has spent time at Barclays, Morgan Stanley, AllianceBernstein and DLJ. Now that he is leaving, Spotify has set out to find the most ideal replacement for Vogel.
“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,” Spotify’s chief executive officer and chairman of the Board of Directors, Daniel Ek, said in a press release. “I have talked a lot with Paul about the need to balance these two objectives carefully. Over time, we have come to the conclusion that Spotify is entering a new phase and needs a CFO with a different mix of experiences.”
The CEO added that as a result of the discussion, they have decided to part ways. Ek went on to say that he is “very appreciative of the steady hand Paul has provided in supporting the expansion of our business through a global pandemic and unprecedented economic uncertainty.”
Lastly, Ek mentioned that as they begin the search for the next CFO, they will do it from a position of strength. “We look forward to tapping a strong financial leader as our next CFO and I will share more details soon,” he said.
Photo by: Alexander Shatov/Unsplash
