Spotify exec David Kaefer is stepping down after seven years with the company, just moments after the new co-CEOs have been announced.

David Kaefer, a top executive at Spotify in charge of the company’s music and audiobook business, is suddenly “stepping down” after seven years with the streaming giant. He will be leaving the company at the end of October.

Kaefer’s departure was confirmed to DMN in an internal email sent by Alex Norström, who just took over as Spotify’s co-President and Chief Business Officer as founder and CEO Daniel Ek steps down.

“It has been a pleasure to work with and learn from David Kaefer, particularly in his leadership of key music functions, including Editorial, Partnerships, and GTM, as well as his extensive experience navigating innovative industry deals,” wrote Norström in an email sent to staff. “I’ve always valued his strategic savviness and unique blend of toughness and humor.”

Replacing Kaefer will be Charlie Hellman, who will take up the mantle as SVP and Global Head of Music at Spotify. Hellman has been at the company for over a decade, and reportedly carries some clout within Spotify for developing much of the platform’s recommendations and social features.

Kaefer shared a send-off statement with the company, expressing excitement about the next stage in his career journey, which will focus heavily on tech and media investing and advising. He also noted an emphasis on sustainability initiatives.

But with Kaefer’s departure announced so quickly on the heels of Daniel Ek’s exit (Daniel’s Ek-sit, anyone?), it begs the question of whether this is the first of many heads to roll at the Swedish streaming giant. It’s too soon to say for sure, but this is reportedly a major concern among staff at Spotify HQ.

That comes as no surprise, given that the company recently underwent a slew of layoffs. The expectation among Spotify employees seems to be that this is a C-suite power battle, with bloodletting on the horizon—rather than a rank-and-file slashing.