Global audio streaming service Deezer has hired Jeronimo Folgueira as its new CEO.
He takes on the role of Hans-Holger Albrecht, who has headed Deezer since 2015.
Announcing the arrival of Folgueira today (May 20), Deezer also issued an official update to its stats, stating that there are currently “16 million monthly active users around the world [with] a leading catalog of 73 million tracks, podcasts and radio stations ”.
The CEO will change at the end of June 2021. Hans-Holger Albrecht will continue to support Deezer as a member of the Board of Directors.
Prior to joining Deezer, which is majority-owned by Access Industries, Folgueira was Chief Executive Officer and Director of the Board of Spark Networks (NYSE: LOV) in Berlin.
Spark Networks is an online dating company that owns platforms such as SilverSingles, EliteSingles, Jdate, Christian Mingle, and AdventistSingles.
Folgueira is said to have driven the transformation of Spark Networks through three strategic M&A transactions and quadrupled the size of the company in four years.
He also oversaw the company’s listing on the New York Stock Exchange in November 2017, making him the youngest European CEO on the NYSE at that time.
Folgueira also held a number of management positions, including at Betfair, Bigpoint and RTL Group. He is a member of the board of directors of Tio Tech, a Nasdaq-listed SPAC designed to help European unicorns gain access to US capital markets.
Folgueira will now commence his work with the Board of Directors, the Executive Board and the Deezer team to move to his new position in June.
“I couldn’t be more excited to be coming to Deezer.”
Jeronimo Folgueira said: “I couldn’t be more excited to come to Deezer. I am passionate about music and podcasts. They occupy a unique place in our hearts and Deezer’s team has built a service that is the perfect companion for people’s daily lives.
“Deezer is a major player in the rapid growth of music streaming around the world. We have a competitive platform with unique features that listeners love.
“That means we are in a great place to accelerate our growth and unlock many new opportunities that 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. “
“My years as CEO of Deezer have allowed me to lead a fantastic team on a journey of growth.”
Hans-Holger Albrecht, Deezer
Hans-Holger Albrecht, CEO of Deezer, added: “My years as CEO of Deezer have allowed me to lead a fantastic team on a journey of growth.
“With the support of all shareholders and partners, a passionate team of 600 people has built the fourth largest global audio streaming service in the world. Our revenue has grown over 300% over the past five years, and our platform has an average of over 600 monthly streams per active user.
“We have a clear strategy to deliver long-term, sustainable growth and value to shareholders, artists and users.
“The recent investment in Dreamstage will also allow us to further improve the relationship between artists and fans.”
“My special thanks go to Len Blavatnik who has been a great supporter and shareholder over these years, and to my chairman, Guillaume d’Hauteville. He was 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 continue to be an investor in Deezer in the future, ”added Hans-Holger.
“[Jeronimo’s] Experience, vision and passion make him the perfect leader to build on previous success. “
Guillaume d’Hauteville, Deezer
Guillaume d’Hauteville, CEO of Deezer, said: “I look forward to working with Jeronimo. His experience, vision and passion make him the perfect leader to build on previous success and develop Deezer in the future.
“I would also like to thank Hans-Holger for his service and commitment. His leadership and focus have helped Deezer grow into a global player challenging international giants, helping artists thrive and providing unique service to its customers.
“It’s been a pleasure working closely together over the years and I’m looking forward to having him on the Board of Directors.”
In the past few months, Deezer, now a $ 1.4 billion company, has increased its presence and investments in global live streaming and video services.
In May, the company became a so-called “cornerstone investor” in DREAMSTAGE, a US-based startup for live music streaming. Last month, the company entered into a strategic partnership with Globoplay, a Brazilian video streaming provider and potential Netflix rival.Music business worldwide