Spotify Names Christian Luiga CFO
Music streaming giant Spotify Technology said Thursday that it has appointed Christian Luiga as its new chief financial officer.
The executive joins Spotify, led by CEO Daniel Ek, from Saab AB, a European defense and security company, where he served as deputy CEO and CFO. He replaces Paul Vogel. Spotify had in December announced that Vogel would leave the CFO role.
Prior to joining Saab, Luiga also held several key leadership roles, including as CFO and acting CEO and president at European telecommunications company Telia.
He will be based in Sweden and have responsibility for financial planning and analysis, audit and risk, investor relations, accounting, corporate development, tax and treasury, Spotify said. The company added that it currently plans for Luiga to join in the third quarter of 2024.
“Ben Kung, Spotify vice president of financial planning and analysis, who has been a leader on our finance team for several years, will serve as interim CFO,” the music and audio streamer also said Thursday.
Spotify has been focusing on profitability amid continued subscriber and user growth. Among other things, it has gone through several rounds of layoffs and further focused its growing podcasting operation with an eye on profitability. It has recently also pushed into the audiobooks business.
