Spotify GC pulls out ahead of rumoured IPO to become Huffington Post CEO

Spotify global head of corporate development and general counsel Jared Grusd is to depart to news outlet the Huffington Post to become the company’s chief executive officer.

Grusd had been at Spotify for almost four years, after joining from a role as chief strategy and business development officer at the Huffington Post’s parent company AOL.

Grusd will lead a team of around 140 people globally, and will report to Huffington Post president Arianna Huffington and AOL CEO Tim Armstrong. He will not provide in-hosue legal services as part of his core responsibilities. His start date is set for 8 September 2015.

In his role at Spotify Grusd led the company’s corporate development, legal and business affairs, and public policy functions. He also served as corporate secretary to Spotify’s board of directors.

At AOL, Grusd was a member of the global executive committee and led the development and strategy functions for the company and for each of its operating divisions for over two years.

Grusd will replace the Huffington Post’s current CEO Jimmy Maymann, who was promoted to a new role overseeing AOL’s consumer brands.

Grusd’s replacement at Spotify has yet to be announced. 

His exit follows a delay in Spotify’s much-rumoured stock market listing, which may still occur this year despite being pushed back by a recent round of funding that valued the company at around $8.53bn.

Both companies have been approached for comment.