Wednesday, January 16, 2019

Snap Loses CFO

Venice-based Snap, the parent firm of Snapchat, said in a regulatory filing on Tuesday that Tim Stone, its CFO and principal financial officer, has resigned. According to Snapchat, Stone has decided to "resign to pursue other opportunities", saying that the departure is "not related to any disagreement with us on any matter relating to our accounting, strategy, management, operations, policies, regulatory matters, or practices". Snap said Stone will continue through its full 2018 financial results announcement, and the last day for Stone has not yet been determined. Stone has only been at Snap since May of 2018, and previously spent 20 years at Amazon.