Snap CFO Tim Stone is leaving the company, according to documents Snap filed with the SEC today. This marks Snap’s second CFO departure in the last twelve months.
“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),” Snap General Counsel and Secretary Michael O’Sullivan wrote in the fling. “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 is a long-time Amazon executive, who joined Snap from Amazon back in May to replace outgoing CFO Drew Vollero. Vollero served as Snap’s first CFO.
Snap is currently finalizing its Q4 2018 results and says it expects to report revenue and adjusted EBITDA results “that are slightly favorable to the top end of our previously reported quarterly guidance ranges for each.”
Snap closed the day up 3.65 percent at $6.54 per share. In after-hours trading, Snap is trading down more than seven percent.
TechCrunch has reached out to Snap and will update this story if we hear back.
