Snapchat CFO departs after less than a year on the job
Snapchat is losing its chief moneyman, the latest in a string of high-profile departures in the past year that dented the company's stock price on Tuesday.
Tim Stone, Snapchat's chief financial officer, was on the job less than a year when he handed in his resignation on Tuesday, Snapchat announced in a regulatory filing required of public companies. Snapchat was careful to note that Stone's departure was not an indication of any malfeasance.
"Tim Stone, our chief financial officer and principal financial officer, notified us of his intention to resign to pursue other opportunities," Snapchat's filing said. "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)."