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Wednesday, June 24, 2015

TIDAL CEO IS
SWEPT AWAY

After less than three months in the job, Tidal interim CEO Peter Tonstad has been let go, the Norway-based parent company Aspiro confirmed on Tuesday. Said a Tidal official, “We are thankful to Peter for stepping in as interim CEO and wish him the best for the future.” Tonstad was installed in April after the departure of Tidal’s previous CEO, Andy Chen.

“Tidal will be transitioning to a permanent CEO as part of our strategic plan to create a leading platform,” the company said in a statement on Tuesday, “and current executives in New York and Oslo will continue to lead our rapidly developing innovation and content initiatives until our new CEO is in place.”

Aspiro, which was publicly traded in Sweden before Jay Z’s purchase, had its headquarters in Norway. The news was first reported by The Wall Street Journal.

 
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