Music streaming large Spotify Know-how mentioned on Thursday that it has appointed Christian Luiga as its new chief monetary officer.
The manager joins Spotify, led by CEO Daniel Ek, from Saab AB, a European protection and safety firm, the place he served as deputy CEO and CFO. He replaces Paul Vogel. Spotify had in December introduced that Vogel would depart the chief monetary officer function.
Previous to becoming a member of Saab AB, he additionally held a number of key management roles together with CFO and appearing CEO and President at European telecommunications firm, Telia.
He shall be primarily based in Sweden and have duty for the next features: monetary planning and evaluation, audit and danger, investor relations, accounting, company improvement, tax and treasury.
The corporate mentioned it at the moment plans for Luiga to hitch it within the third quarter of 2024.
“Ben Kung, Spotify Vice President of Monetary Planning and Evaluation, who has been a pacesetter on our finance staff for a number of years will function interim CFO,” the music and audio streamer mentioned on Thursday.
Spotify has been specializing in profitability amid continued subscriber and consumer development. Amongst different issues, it has gone by means of a number of rounds of layoffs and centered its podcasting enterprise with an eye fixed on profitability. It has just lately additionally pushed into the audio books enterprise.