Spotify CFO Barry McCarthy to retire in January
28-October-2019
Barry McCarthy, who played a major role in establishing Spotify as a public company, is all set to retire as the company's Chief Financial Officer on January 15, 2020.
Paul Vogel, head of investor relations, will replace McCarthy when he departs early next year, Spotify said in a letter to shareholders.
"Pending shareholder approval, it is expected that Barry will be re-appointed to the Spotify Board of Directors, a role he held prior to joining the company as CFO," Spotify said.
Globally, Spotify's monthly active users hit 248 million in the third quarter of this year, a growth of 30 per cent year-over year.
The number of its premium subscribers globally grew 31 per cent in the third quarter of this year to 113 million.
The company which saw "exponential growth" in podcast hours streamed, posted an operating profit of euro 54 million.IANS
Chennai Police Hunt Suspects After Brutal Kotturpuram Double Murder
Haryana BJP Leader Shot Dead Over Land Dispute On Holi: Police
Mumbai Police Bust High-Profile Sex Racket in Hiranandani Hotel
NPG Evaluates 8 Key Infrastructure Projects Under PM GatiShakti Plan
Rupee Symbol Debate Heats Up as Tamil Nadu Opts for ‘ரூ’