TIDAL, the streaming service owned by Shawn “Jay Z” Carter, has undergone several changes since the mogul took over the company. Today, it was announced that Jay Z fired two top executives as the home operations for the business will be shifting stateside, Billboard reports.
The news of the firing of CFO Chris Hart and COO Nils Juell was first announced in Norweigan publication Dagens Næringsliv and Swedish outlet, Breakit. Billboard was able to obtain statements from the company’s press team which better explains the reported shake-ups.
From Billboard:
In a statement provided to Billboard, reps for Tidal pointed to the company’s growing aspirations around the world as the main reason why the streaming service is shifting its top executive brass out of its Oslo, Norway European headquarters. “Tidal has terminated CFO Chris Hart and COO Nils Juell,” the statement reads. “As Tidal has grown into a global operation serving 46 countries we have moved our accounting and operations team to New York while our technology team and key support staff remain in Oslo.”
Jeff Toig, a former executive at Soundcloud, is the third CEO for the service has hired in less than a year’s time. No other hiring moves have been announced but evaluations of the current standings at the company are underway.
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