The CEO of the parent company of TIDAL HI-Fi, Andy Chen, has resigned his position, with Aspiro's former CEO, Peter Tonstad, taking over on an interim basis.
The change follows the recent purchase of the company by rap mogul Jay-Z and other top music industry figures.
According to a statement from the company, reported by Billboard:
"Tidal's new interim CEO is Peter Tonstad a former CEO of parent company Aspiro Group. He has a better understanding of the industry and a clear vision for how the company is looking to change the status quo. He's streamlining resources to ensure talent is maximized to enhance the customer experience. We've eliminated a handful of positions and refocused our company-wide talent to address departments that need support and cut redundancies. Tidal''s offices globally will remain and grow: we are already hiring for several new positions now. We're excited about our future and what's in-store for fans who want the best listening experience."