Spotify have hired their new Chief Financial Officer, plucking from their existing team someone they trust.
Spotify’s new hire for Chief Financial Officer comes internally. Paul Vogel will take the role on after 4 years as the music streaming service’s head of Investor Relations and leading their Financial Planning & Analysis.
Speaking on his progression, Vogel said: “I loved having the ability to understand the changes and the strategies that were going on in those industries. I was always excited to meet the executives who were running those companies and understand how they thought about growing their businesses and sharing my opinion on where things could go.”
Speaking on the massive growth of Spotify in recent years, Vogel said: “When I started, we had just passed 30 million subscribers and 100 million users, so to turn around and end 2019 with more than 100 million subscribers and about 250 million users, that’s insane growth.”
Speaking about the future in an interview with Spotify Vogel spoke about how they are creating opportunities for both artists and listeners. Vogel says: “There’s no reason why every smartphone in the world shouldn’t have a streaming music/audio service on it. And there’s no reason why that service shouldn’t be Spotify.”