Spotify’s MD Kate Vale set to depart
Managing director of music streaming service Spotify, Kate Vale, is set to depart the company to “pursue opportunities outside of business”.
Vale joined Spotify in 2011 to launch the streaming service in Australia and New Zealand.
Vale’s last day will be Friday 19 May
She held her MD position at Spotify for five years and seven months despite moving to Los Angeles last year.
With Vale departing tomorrow Spotify has begun its search for her replacement.
Vale said in a statement: “I am so proud of everything we have achieved in our five years in the market, which has not only been best-in-class for the Spotify business but has also driven real results and growth for the local music industry. This is the hardest decision I’ve ever had to make.”
A spokesperson from Spotify said: “Vale will stay in LA for the immediate future, and will continue to serve on the Tourism Australia and Tourism Tasmania boards”.
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