Snap names Amazon’s Tim Stone as CFO


(Reuters) – Snapchat-owner Snap Inc (SNAP.N) said Tim Stone, an Inc (AMZN.O) veteran who had led the integration of Whole Foods acquisition, would replace Andrew Vollero as chief financial officer.

FILE PHOTO: The Snapchat messaging application is seen on a phone screen August 3, 2017. REUTERS/Thomas White/File Photo

Stone, 51, has been with Amazon since March 1998 and led the online giant’s physical stores until February 2018, according to a regulatory filing from Snap. (

Stone will take charge on May 16, while Vollero will remain as an adviser until August 15.

“He (Vollero) has done an amazing job as Snap’s first CFO, building a strong team and helping to guide us through our transition to becoming a public company,” Snap Chief Executive Officer Evan Spiegel said.

Stone will have an annual salary of $500,000, according to the filing.

The appointment comes a week after Snap’s quarterly results failed to enthuse Wall Street. A recent redesign of its Snapchat messaging app had turned off some long-time fans and advertisers.

Snap’s shares were up nearly 1.6 percent at $10.91 in extended trading on Monday.

Reporting by Laharee Chatterjee and Munsif Vengattil in Bengaluru; Editing by Sriraj Kalluvila and Shounak Dasgupta

Facebook Comments

Comments are closed.