Here are 20 senior executives who have abandoned Snap since its IPO less than 2 years ago
- At least 20 executives have left Snap since the company went public in March 2017.
- The latest to quit is chief financial officer Tim Stone, who is leaving after just eight months in the job.
- The string of departures has left Wall Street jittery, and Snap's stock is down 10% in pre-market trading.
- Analysts have questioned this '"lack in continuity" at management level.
At least 20 executives have left Snap in the past two years, with just a handful of people considered to be CEO Evan Spiegel's lieutenants left at the company.The latest departure is chief financial officer Tim Stone, who replaced Andrew Vollero in May 2018, but has stepped down after just eight months on the job.Advertisement
Stone's departure, coupled with the news that vice president of investor relations Kristin Southey quietly left in November, has prompted jitters on Wall Street.
Analysts at Jefferies wrote in a note to investors:"When Stone was initially hired, we were hopeful for improved financial prudence and better communication with the Street. In his first two quarters Stone laid out financial guidance and seemed to be focused on being prudent with investments with a focus towards sustainable growth. However, with Stone's sudden departure we question the direction that management will take the business."
Here are all the executives who have left Snap since it went public in March 2017:Get the latest Snap stock price here.
Chief financial officer, Tim Stone, announced his departure in January 2019.
Snap confirmed its head of HR Jason Halbert was leaving in January 2019.Advertisement
Head of global strategic partnerships Elizabeth Herbst-Brady quit in January 2019.
Vice president of communications Mary Ritti left at the end of 2018.Advertisement
Sahil Sharma lasted 6 months overseeing Snap's Spectacles unit, leaving in December 2018.
Chief strategy officer Imran Khan quit in November 2018.Advertisement
Vice president of content Nick Bell announced his departure in November 2018.
The woman who managed Snap's investor relations, Kristin Southey, left in November 2018.Advertisement
Kristen O'Hara quit in October 2018 after Snap rescinded a job offer to become chief business officer.
Steve LaBella, vice president of marketing, left in late 2018.Advertisement
Snap Spectacles division chief Mark Randall left in July 2018.
Snap's first CFO Andrew Vollero quit in May 2018.Advertisement
VP of sales Jeff Lucas left in February 2018 after less than 2 years.
Chief security officer Jad Boutros left in January 2018.Advertisement
Head of product Tom Conrad left at the beginning of 2018.
Kathy Mandato left her job in HR after just five months in late 2017.Advertisement
Senior vice president of engineering Timothy Sehn resigned in November 2017.
General counsel Chris Handman left in the summer of 2017.Advertisement
Head of HR and legal Robyn Thomas left in July 2017.
Martin Lev, VP of security and facilities, left in July 2017.Advertisement
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