Spotify (NYSE:SPOT) has made a strategic move in its executive team by appointing Christian Luiga as the new Chief Financial Officer.

Christian Luiga is transitioning to Spotify from an impressive tenure at Saab AB, a leading European defense and security company, where he held the positions of Deputy Chief Executive Officer and Chief Financial Officer.

His rich background also includes significant leadership roles at Telia, a prominent European telecommunications firm, where he served as CFO and stepped in as acting CEO and President.

Scheduled to join Spotify in the third quarter of 2024, Luiga will be based in Sweden and assume a broad range of responsibilities integral to Spotify's financial health and strategic growth. 

In the interim period before Luiga’s takeover, Ben Kung, Spotify's Vice President of Financial Planning and Analysis, will serve as the interim CFO.