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Snap Is Making Up for Last Year


May. 21 2019, Published 5:22 p.m. ET

Snap has had a fantastic year

This year has been a great one for Snapchat parent Snap (SNAP). The company’s revenue growth has been robust, it has reined in its losses, and the company has announced new developments, including a push into gaming. It has also launched a re-engineered Android app that could win back users, and its stock has nearly doubled.

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Filling high-profile vacancies

Last year was rough for Snap in terms of personnel—it lost more than ten high-profile personnel, denting its stock. However, over the last six months, the company has filled six high-profile positions and calmed anxious investors. The company just appointed finance VP Derek Anderson as its CFO after the position was vacated by Tim Stone earlier this year due to a falling out with CEO Evan Spiegel. Lara Sweet, the interim CFO and chief accounting officer, will be stepping into a new role as “Chief People Officer,” and the company appointed Kenny Mitchell as its chief marketing officer last month. 


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