SoundCloud Co-Founder Eric Wahlforss Resigns as Chief Product Officer

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He will continue on in an advisory role while considering what comes next.

SoundCloud co-founder Eric Wahlforss announced on Wednesday (Jan. 23) he will be stepping down from his day-to-day role as chief product officer and transition into an advisory role for the streaming service effective March 1.

In an internal memo sent to staff, Wahlforss wrote that after 11 years with SoundCloud he now intends to take a break for reflection and consider his next moves.

"This was not an easy decision to make, but one of the biggest reasons why I feel I have made the right decision is that the company is in such capable hands," he wrote. "It's been a pleasure working with Kerry [Trainor, CEO] and the new leadership team over the past 18 months. Our team is stronger than ever, and we have very exciting plans slated for 2019.

"I'm incredibly proud of what we have achieved. From our humble beginnings in 2007, to where we are today with more than 20 million creators around the world and millions and millions of people listening every month... who would have thought!"

In 2017, as SoundCloud appeared to be on the brink of disaster, the company secured $169.5 million in new funding and implemented a new executive team with Trainor at the head.

"It's not easy to express the depth of my respect and admiration for Eric -- professionally for his vision and incredible accomplishments as SoundCloud's Founder, and also very personally for welcoming me to the team from day one," said Trainor in a statement on Wednesday. "It's been a pleasure working closely together the past 18 months, and I look forward to continuing to get his Founder's perspective as he moves into an advisory role."