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Slack is losing its second-most important executive in the run-up to its expected IPO this year

Slack is losing its second-most important executive in the run-up to its expected IPO this year

April Underwood

Slack

Slack chief product officer April Underwood

  • Slack's chief product officer April Underwood announced Thursday that she'll be leaving the $7.1 billion startup to focus on #Angels, an organization she co-founded that focuses on investing in female founders.
  • Underwood is widely considered the strong right hand to Slack CEO and cofounder Stewart Butterfield - she's in charge of much of Slack's strategy and product decisions.
  • Underwood will be replaced by Tamar Yehoshua, who previously led the search business at Google.
  • Slack is expected to IPO later this year.

On Thursday, Slack Chief Product Officer April Underwood announced she will be leaving Slack to take a full-time role in venture capital investing.

Over the course of her 4 years with the company, Underwood played a vital role>$4 inmaking Slack>$4's office messaging app as popular as it is today. She's widely considered to be the second-in-command to CEO and cofounder Stewart Butterfield, as her remit included much of Slack's strategy and product decisions.

After leaving Slack>$4, she'll take a full-time role with #Angels, an organization she co-founded in 2015, that focuses on investing in female-founded companies>$4. Tamar Yehoshua, a vice president at Google who has previously led the Search team, will replace Underwood as chief product officer.

This all comes during the walk-up to Slack's expected IPO, which could be one of the biggest public-market debuts of the year. The company was last valued at $7.13 billion $4 in August 2018.

"At Slack, I've worked closely with brilliant founders to build a product that is transforming how millions of people get their work done every day," Underwood wrote in a Medium blog post announcing her move>$4. "Looking back, I realize: I learned how to work, then I worked hard, and eventually I got the chance to help shape how millions of other people work as a product leader and executive here at Slack."

During her four years at Slack, Underwood $4 of the Slack Platform, built its enterprise product, started a Slack Fund that backs 49 startups and assembled its product team - all $4. Prior to Slack, $4 had worked at Twitter and Google.

"Beyond her accomplishments in building out the product and expanding the business, April has been an $4 at this company," Slack CEO Stewart Butterfield wrote in a blog post. "She has expanded and steered her team through a time of hypergrowth, and honed a high-performance-but-deeply-human culture of craftsmanship and relentless customer focus."

Read more: $4

For its part, #Angel has invested in over 100 founders and their companies.

"Investing, which started as a side hustle for me and my #Angels partners, has emerged as the pursuit too inspiring and energizing to be relegated to my spare time," Underwood wrote.

NOW WATCH: $4

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