TIDAL CEO Steps Down

TIDAL makes an in with the old, out with the new move for the company’s CEO.

According to a report from Swedish news site, Breakit, Business Insider reported today that Andy Chen, CEO of Aspiro, recently acquired by Jay Z for TIDAL and WiMP, is no longer with the company.

Within the day, TIDAL confirmed that Andy Chen has indeed left the company to be temporarily replaced by it’s former CEO, Peter Tonstad. Tidal put out the following statement on the leadership changes.

TIDAL’s new interum [sic] CEO is Peter Tonstad – a former CEO of parent company Aspiro Group. He has a better understanding of the industry and a clear vision for how the company is looking to change the status quo. He’s streamlining resources to ensure talent is maximized to enhance the customer experience. We’ve eliminated a handful of positions and refocused our company-wide talent to address departments that need support and cut redundancies. TIDAL’s offices globally will remain and grow: we are already hirinig for several new positions now. We’re excited about our future and what’s in-store for fans who want the best listening experience.

As explained, Tidal is calling the switch and reorganization “streamlining” and also points out Tonstad’s apparent “better” fit for the role. Meanwhile, Jay and Jack White are calling subscribers to personally thank them. At least the customer service is on point.

Written by Rae Witte