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Audio streaming giant Spotify said Tuesday that it would add Mona Sutphen to its board in April.
Sutphen is a private equity advisor and a co-founder/advisor for several technology start-ups who served as a senior White House official during the Obama Administration.
From 2009 to 2011, she worked as deputy chief of staff for policy for Obama, who in 2019 struck a podcasting deal with the streaming company. Barack and Michelle Obama back then expanded their media domain via a multiyear deal with Spotify to create exclusive podcasts via their Higher Ground banner, which is also in business with Netflix.
“Mona has built a career in both the private and public sectors advising leaders on international and U.S. domestic policy, technology, macroeconomics and trade, and human rights … and that’s just the tip of the iceberg,” said Spotify founder, CEO and chairman Daniel Ek. “Mona will bring a new and highly valuable perspective to the board as we focus on driving our strategy forward during this time of exceptional change around the world.”
Sutphen said: “Spotify has been a revolutionary force and impressive innovator in the audio industry, transforming the content landscape globally. I’m excited to be a part of its continued evolution and expansion.”
Sutphen is currently a senior advisor at The Vistria Group, a Chicago-based private equity firm, and is a venture advisor and co-founder of several technology start-ups. Previously, she worked as a partner at Macro Advisory Partners, where she led the firm’s U.S. practice advising companies on “emerging risks and opportunities across a range of sectors, including technology platform regulation, market entry strategies, and political dynamics and regulatory risks in the U.S., China and Europe.”
Before that, she was a managing director at UBS, “where she developed new tools for political risk evaluation impacting capital markets.”
In her White House role, she worked on “advancing the administration’s policy and regulatory agenda, including on technology policy,” Spotify notify. She also served on the President’s Intelligence Advisory Board from 2013 until 2016.
Sutphen’s appointment is subject to shareholder approval at Spotify’s annual general meeting on April 21.
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