Goldman Sachs has appointed Ben Snider as the new chief US equity strategist, succeeding the retiring David Kostin, who will transition to an advisory role, marking a leadership change in the bank's equity strategy team.
Spotify's chief financial officer, Paul Vogel, is set to leave the company in March, just days after cashing in $9.3 million in shares. This announcement comes after Spotify revealed plans to cut nearly 20% of its global workforce. Vogel, who has been with the company for eight years, played a key role in its growth, with strong subscriber gains and increased revenue. However, Spotify continues to struggle with profitability and high costs. The company stated that it needs a new CFO with a different mix of experiences for its new phase of growth. Ben Kung, Spotify's vice-president of financial planning and analysis, will take on expanded responsibilities in the interim.