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Deezer announces new CEO
By Andy Malt | Published on Friday 21 May 2021
Deezer has announced Jeronimo Folgueira as its new CEO. Taking over from Hans-Holger Albrecht – who will remain on the company’s board – Folgueira joins from German dating app firm Spark Networks.
“I couldn’t be more excited to join Deezer”, says Folgueira. “I’m passionate about music and podcasts. They hold a unique place in our hearts and Deezer’s team has built a service that is the perfect companion to people’s daily lives”.
“Deezer is a key player and contributor to the fast growth of music streaming around the world”, he goes on. “We have a highly competitive platform with unique features that listeners love. That means we’re in a great place to accelerate our growth and capture many new opportunities, which will benefit both artists and music fans. I look forward to getting to know the team and writing the next chapter in the company’s history together”.
Albrecht adds: “My years as the CEO of Deezer have allowed me to lead a fantastic team on a growth journey. With the support of all shareholders and partners, a passionate team of 600 people have built the fourth largest global audio streaming service in the world. Our revenues have grown over 300% in the last five years and our platform averages more than 600 monthly streams per active user”.
“We have a clear strategy in place to deliver long term, sustainable growth and value for shareholders, artists and users. The recent investment in Dreamstage will also allow us to continue innovating the relationship between artists and fans”.
Deezer is backed by Access Industries, of course, which also controls Warner Music, and Albrecht also bigs up the boss of that key shareholder in his exit statement.
He continues: “My special thanks go to Len Blavatnik, who has been an amazing supporter and shareholder during these years, and to my Chairman, Guillaume d’Hauteville. He’s been a perfect wingman and creative partner and I look forward to working with him and the rest of the Deezer board as an advisor and board member. I will also continue to be an investor in Deezer going forward”.
The transition will officially take place next month.
