Spotify Chief Content Officer Stefan Bloom is exiting the company as it prepares to go public, a source with knowledge of the situation told TheWrap.
Bloom shared his plans to leave the music streaming company in the next few weeks in a memo to staff on Friday.
“We are grateful for Stefan’s many contributions to the company over the years and we wish the very best,” the company said in a statement shared with TheWrap. “Looking ahead, the content team is well positioned to execute on our strategy.”
No replacement has been named. Bloom led the Sweden-based company’s negotiations with music labels, extending deals with both Warner Music Group and Universal Music Group in 2017.