Deezer Appoints Jeronimo Folgueira as New CEO

Current CEO Hans-Holger Albrecht will step down in June and join Deezer’s board of directors

Deezer has hired Jeronimo Folgueira to be its new CEO, the company tells Billboard. Hans-Holger Albrecht, who has led Deezer since 2015, will step down and join Deezer’s board of directors. Albrecht will remain CEO through the end of June, with Folgueira taking over the position on July 1.

“I couldn’t be more excited to join Deezer,” Folgueira said in a statement. “They hold a unique place in our hearts and Deezer’s team has built a service that is the perfect companion to people’s daily lives. Deezer is a key player and contributor to the fast growth of music streaming around the world. We have a highly competitive platform with unique features that listeners love. That means we’re in a great place to accelerate our growth and capture many new opportunities, which 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.”

From 2015 to 2019, Folgueira was the CEO of Spark Networks, the online dating conglomerate that owns Christian Mingle, Jdate, and Zoosk among others. During his tenure, Folgueira quadrupled the Berlini-based company’s annual revenue to 250 million euros ($304 million) in 2019, before stepping down.