Stu Bergen Named Interim CEO of Deezer as Company Navigates Transition Period

In a significant development for France-headquartered music streaming platform Deezer, Stu Bergen has been appointed as the interim CEO. His appointment, effective April 1, 2024, follows the recent publication of the company’s financial results for 2023 and the departure of its CEO, Jeronimo Folgueira.

Bergen brings extensive experience to his new role, having previously served as the long-time CEO of Warner’s International Recorded Music operations outside the US and UK. After a successful 14-year tenure at Warner, Bergen departed the major music company in January 2021.

With a longstanding connection between Deezer and Warner Music Group (WMG), Bergen’s appointment underscores the strategic alignment between the two entities. Access Industries, WMG’s controlling shareholder, is also a shareholder in Deezer, maintaining its stake in the music streaming firm post-flotation.

Having served as an independent non-executive director on Deezer’s board since February 2023, Bergen is well-equipped to navigate the company’s strategic direction and facilitate a seamless transition. He will serve as interim CEO until the appointment of a new permanent Chief Executive Officer while continuing as a member of the Deezer Board of Directors.

Expressing his commitment, Bergen stated, “I am honored to accept the interim CEO role at Deezer at this pivotal time. I am committed to strengthening the company’s values and driving its growth trajectory forward.”

Iris Knobloch, who is the Chair of the Board of Directors, conveyed gratitude to Bergen for accepting the interim CEO position, expressing confidence in his leadership to steer Deezer towards its strategic goals during the transitional period.

Commenting on Bergen’s appointment, Deezer highlighted his extensive knowledge of the music and digital industries, emphasizing his role in guiding the company’s efforts towards bolstering its direct subscriber base, fostering partnership growth for international expansion, and achieving free cash flow positivity in 2024.

Deezer reported revenues of €484.7 million in 2023, marking a 7.6% year-over-year increase at constant currency. The platform boasted 10.5 million global subscribers by the end of December 2023, indicating an 11.5% year-over-year growth.

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