Snap loses another high profile executive. Company filing, via CNBC:
On January 15, 2019, Tim Stone, our Chief Financial Officer and principal financial officer, notified us of his intention to resign to pursue other opportunities. Mr. Stone has confirmed that this transition is not related to any disagreement with us on any matter relating to our accounting, strategy, management, operations, policies, regulatory matters, or practices (financial or otherwise). Mr. Stone’s last day has not been determined. Mr. Stone will continue to serve as Chief Financial Officer to assist in the search for a replacement and an effective transition of his duties, including through our scheduled full year 2018 financial results announcement.
Stone only joined the company eight months ago.
It’s not all bad news, though – Snap says it’s coming in at the higher end of its guidance for Q4.
Stone’s departure follows a string of other top-level exits in the past year, including chief strategy officer Imran Khan in September, and finance head Andrew Vollero and vice president of monetization engineering Stuart Bowers in May.