Peter Tonstad’s stint as interim CEO of Jay Z’s Tidal streaming service lasted less than three months. Tonstand accepted the position after former CEO Andy Chen resigned in mid-April.
The timing of Tonstad’s exit is odd given the fact that he was supposed to hold the position until a permanent CEO was named. The company is still in search of that replacement.
The Wall Street Journal reports that Tidal “will be run by executives in New York and Oslo until a new chief is in place.”
“We are thankful to Peter for stepping in as interim CEO and wish him the best for the future,” a Tidal official said in a statement.
When reached Tonstad said “the only thing I can confirm is that I have resigned.”