Deezer Announces Stu Bergen as Interim CEO Amid Governance Evolution

Deezer, a notable player on the Paris Euronext (DEEZR), declared a pivotal shift in its governance on March 13, 2024, following a fruitful year in 2023 and the exit of CEO Jeronimo Folgueira. Stu Bergen steps in as the interim CEO starting April 1, 2024. Bergen, an esteemed figure in the music industry with a career spanning over three decades, has previously held significant positions at Warner Music. His expertise is expected to propel Deezer towards enhancing its market strategy and ensuring a smooth transition to a new permanent CEO.

With a rich background that includes leadership roles across various music labels and a prior position as CEO, International and Global Commercial Services at Warner Music, Bergen’s appointment is seen as a strategic move for Deezer. His ambition is to fortify Deezer's position in the digital music arena by focusing on direct subscriber growth, international expansion, and achieving financial milestones like free cash flow positivity in 2024.

Bergen expressed his enthusiasm about leading Deezer through this transformative period, aiming to build upon the company's solid foundation and clear objectives. Iris Knobloch, Chairwoman of the Deezer Board, voiced the board's confidence in Bergen's interim leadership, highlighting his commitment to the company's expansion and direction.