Tonstad’s tenure as interim CEO has come to an end.
Jay Z’s Tidal streaming service has parted ways with its current CEO Peter Tonstad, who was appointed on an interim basis in April. He replaced outgoing CEO Andy Chen, who was dismissed after just two weeks in the role.
In a statement to the Wall Street Journal, Tidal said: “We can confirm interim CEO Peter Tonstad is no longer with the company. We are thankful to Peter for stepping in as interim CEO and wish him the best for the future.
“Tidal will be transitioning to a permanent CEO as part of our strategic plan to create a leading platform, 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.”
Tonstad also spoke on the matter, adding: “The only thing I can confirm is that I have resigned.” Tidal have yet to comment on his replacement.