Snap Inc. announced that Chief Financial Officer Derek Andersen will be departing the company to pursue a new professional opportunity. The company plans to appoint Doug Hott, its current Vice President of Finance, Strategy, and Corporate Development, to the role of CFO.
Key Details
- Departing CFO: Derek Andersen will leave Snap, with his last day expected to be May 8, 2026. His departure is not due to any disagreement with the company's operations, policies, or practices.
- New CFO: Doug Hott will be appointed as the new Chief Financial Officer. Mr. Hott has served in senior finance roles at Snap since August 2019.
- Compensation: Compensation details for the incoming CFO have not yet been determined and will be disclosed in a future filing if necessary.