Snapchat parent’s chief strategy officer to step down in latest executive departure [Toronto Globe and Mail (Ontario, Canada)]
Snap Inc. Class A (SNAP)
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Source: Toronto Globe and Mail
Snap Inc, the parent of Snapchat messaging, said on Monday Chief Strategy Officer Imran Khan will step down, the latest top-level exit amid pressure to stem a drop in users following a controversial redesign of the app. Khan, 41, whose last day has not been determined, was named to the role in 2015 and played a key part in taking Snap public in March of 2017. A former investment banker with Credit Suisse and a top-paid Snap executive, Khan received stock worth about $145 million at the time of joining, according to media reports. Story continues below advertisement “With Khan as the chief strategy officer and the head of all its business operations it seems that he has likely fallen on his proverbial sword because of the poor underlying performance of metrics this year,” said Neil Campling, co-head of global thematic group, Mirabaud Securities. “The initial plan to reach profitability by the end of this year now looks like a long way off,”
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- 4/18/24 - Form 4
- 4/18/24 - Form 10-Q
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