Staff Reports | REUTERS
Snapchat-parent Snap on Monday named Doug Hott as its new CFO, replacing Derek Andersen.
Hott, 53, has served as the company’s vice president of finance, strategy, and corporate development.
Andersen, who has been in the role for seven years, is expected to leave on May 8.
The move comes soon after the social media firm last week laid off 1,000 employees, including 16% of full-time staff, becoming the latest technology company to shift towards leaner teams.
The company is expected to report first-quarter results on May 6.
Editor’s Note: Reporting by Koyena Das in Bengaluru; Editing by Maju Samuel
