CEO Andy Chen of JAY Z’s music streaming site TIDAL has stepped down

JAY Z’s music streaming site TIDAL is still afloat in recent news as CEO Andy Chen leaves and steps down from his title with Aspiro Group, the company that JAY Z recently acquired for TIDAL and WiMP. In light of the abrupt changes, former Aspiro CEO Peter Tonstad will temporarily be stepping in interim until the company finds a permanent replacement. The official statement reports:

TIDAL’s new interum [sic] 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 hirinig for several new positions now. We’re excited about our future and what’s in-store for fans who want the best listening experience.