Tidal CEO Peter Tonstad quits after 3 months

Peter Tonstad is the second CEO to leave the music streaming service since its launch in October, the Wall Street Journal reports.

Tonstad, who was on the job for just three months, was named interim CEO shortly after Tidal ditched its first CEO, Andy Chen, in April.

“We can confirm interim CEO Peter Tonstad is no longer with the company,” Jana Fleischman said on behalf of Tidal in a statement provided to the Daily News Tuesday.

“We are thankful to Peter for stepping in as interim CEO and wish him the best for the future,” she added. “TIDAL will be transitioning to a permanent CEO as part of our strategic plan to create a leading platform, and current executives in New York and Oslo will continue to lead our rapidly developing innovation and content initiatives until our new CEO is in place.”

The company did not comment on whether he was fired or not, but Tonstad reportedly said he quit.

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Mr. Bootlegs is an online poster, blogger, writer, author, trendsetter, DJ, and well known bootlegger of music known as simply Mister Bootlegs on Canal Street from 1994 to 2004.

Written by Mister Bootlegs

Mr. Bootlegs is an online poster, blogger, writer, author, trendsetter, DJ, and well known bootlegger of music known as simply Mister Bootlegs on Canal Street from 1994 to 2004.