Spotify founder Daniel Ek is stepping down as chief executive at the end of the year after two decades, to be replaced by his deputies. He will remain as executive chairman, focusing on long-term strategy for the music streaming giant.

• Ek will be replaced by co-presidents Gustav Söderström and Alex Norström, who have been with the company for over 15 years.
• The decision comes after controversy regarding Ek's investment in Helsing, an AI weapons system developer, which led to a boycott by artists.
• Spotify boasts more than 700 million monthly users globally and Ek has an estimated fortune of about $10 billion.