Spotify chief accounting officer Luca Baratta exits

Spotify chief accounting officer Luca Baratta exits

Spotify's chief accounting officer Luca Baratta has exited the company after just over three years.

The streaming giant confirmed his departure in an SEC filing. He was previously vice president of finance and chief accounting officer at Twitter.

Baratta will be replaced by Paul Sawyer, who is currently the controller of the company. He joined Spotify in 2016.

In the filing signed off by chief financial officer Barry McCarthy, Spotify noted that "Baratta's departure is not the result of any disagreement with the company's accounting practices or principles". 

Spotify shares dipped 1.3% in after hours trading, following the announcement.

The resignation of Baratta follows the exit of head of music Nick Holmsten last week. Other big names to leave in the past year or so include head of global creator services Troy Carter and global head of curation Mike Biggane.

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