Sean Parker has stepped down from Spotify’s Board of Directors, making way for four recent additions to the board.
Parker joined Spotify in 2010, after purchasing a 5% stake of the company for a cool $15m. Back in the day, Parker co-founded Napster, before becoming the President of Facebook.
You may remember him being played by Justin Timberlake in Aaron Sorkin’s Facebook film The Social Network – a portrayal that many saw as negative, despite acting to make Parker seem infinitely cooler than he is.
Parker’s exit will make room for the likes of former Disney COO Tom Staggs, and former YouTube product head Shishir Mehrotra, both recent additions to the Board of Directors, as the company prepares to float itself on the New York Stock Exchange.