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Snap chief financial officer Drew Vollero is stepping down on May 15 and will be replaced by Amazon finance VP Tim Stone, the company said Monday. 

Why it matters: Snap has had a rocky time as a public company since its IPO a little over a year ago, but it is reportedly focused on profitability this year. 

Snap is switching CFOs

Snapchat app logo on an iPad. Photo: Carl Court/Getty Images

Business

Snap Inc.

Technology

Snap chief financial officer Drew Vollero is stepping down on May 15 and will be replaced by Amazon finance VP Tim Stone, the company <a class="gtmContentClick" data-vars-link-text="said" data-vars-click-url="https://www.sec.gov/Archives/edgar/data/1564408/000119312518154437/d557012d8k.htm" data-vars-content-id="3d10386a-f5ab-4f2c-ae96-5e4fbe99eabb" data-vars-headline="Snap is switching CFOs" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.sec.gov/Archives/edgar/data/1564408/000119312518154437/d557012d8k.htm" target="_blank">said</a> Monday. Why it matters: Snap has had a rocky time as a public company since its IPO a little over a year ago, but it is reportedly focused on profitability this year.

From the Valley to D.C., Big Tech players like Facebook, Google and Amazon are under more scrutiny than ever as new technology develops and privacy and antitrust concerns grow in lockstep with companies’ ambitions.

Snap is switching CFOs

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