CFO Barry McCarthy Leaving Spotify
Despite Spotify's rapidly growing rate of paid subscribers, they same cannot be said for the rate-retention of their executives. In just the last 3 years, Spotify has lost over 33 executives. These were positions of senior executives, as well, including the recent news that CFO Barry McCarthy, second in line in terms of most powerful at the company, will be leaving in January. Will Spotify be able to continue their growth rate while the internal churn rate has become questionable?