{"id":77959,"date":"2024-04-04T12:05:43","date_gmt":"2024-04-04T16:05:43","guid":{"rendered":"https:\/\/www.cyberlego.com\/web\/2024\/04\/04\/spotify-names-christian-luiga-new-finance-chief\/"},"modified":"2024-04-04T12:05:43","modified_gmt":"2024-04-04T16:05:43","slug":"spotify-names-christian-luiga-new-finance-chief","status":"publish","type":"post","link":"https:\/\/www.cyberlego.com\/web\/2024\/04\/04\/spotify-names-christian-luiga-new-finance-chief\/","title":{"rendered":"Spotify Names Christian Luiga New Finance\u00a0Chief"},"content":{"rendered":"

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\n\tSpotify<\/strong> named Christian Luiga<\/strong> on Thursday (April 4) to be its new chief financial officer to replace Paul Vogel<\/strong>, who stepped down<\/a> from the CFO role at the end of March. <\/p>\n

\n\tLuiga will be Spotify\u2019s third CFO in five years, and he takes charge of financial planning and analysis amidst changes to how the streaming giant pays artists<\/a>, layoffs impacting nearly 17% of staff last year and subscription price hikes<\/a> aimed at improving profitability. <\/p>\n

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\t\t\t\t\t\t\"Spotify\"<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n

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\t\t\t\t\tSpotify Plans More Price Increases in 2024:\u00a0Report\t\t<\/p>\n<\/h3><\/div>\n

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\n\tSpotify grew revenues last year by 16% to 3.67 billion euros ($4.05 billion) on a 15% increase (to 236 million) in premium subscribers. But it continues to routinely post operating losses as it struggles with the constraints of a business model dominated by high music licensing costs.\u00a0<\/p>\n

\n\tThe company had one profitable quarter last year, but posted an operating loss of 75 million euros ($82.7 million) in the fourth quarter. <\/p>\n

\n\tVogel, Spotify\u2019s most recent CFO, was promoted from head of investor relations to the role of CFO in 2020 after the departure of\u00a0Barry McCarthy<\/strong>, who took over Peloton as its CEO in 2022. <\/p>\n

\n\tBased in Sweden and answering to Spotify CEO Daniel Ek<\/strong>, Luiga will start the job during the late summer, according to a press release. Ben Kung<\/strong>, vice president of financial planning and analysis, will serve as interim finance chief until then. <\/p>\n

\n\tPrior to joinging Spotify, Luiga was CFO and deputy chief executive officer of European defense and security company Saab AB, and before that, he was the CFO and acting CEO of the European telecommunications company, Telia. <\/p>\n<\/div>\n<\/div>\n

Aller \u00e0 la source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Spotify named Christian Luiga on Thursday (April 4) to be its new chief financial officer to replace Paul Vogel, who stepped down from the CFO role at the end of March. Luiga will be Spotify\u2019s third CFO in five years, and he takes charge of financial planning and analysis amidst changes to how the streaming […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[17],"tags":[],"class_list":["post-77959","post","type-post","status-publish","format-standard","hentry","category-musique","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"_links":{"self":[{"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/posts\/77959","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/comments?post=77959"}],"version-history":[{"count":0,"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/posts\/77959\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/media?parent=77959"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/categories?post=77959"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/tags?post=77959"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}