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Snapchat-parent Snap names Doug Hott as its new CFO

SUMMARY

Snap has appointed Doug Hott as its new CFO, replacing Derek Andersen, who will depart on May 8 after seven years. Hott, 53, previously served as the vice president of finance, strategy, and corporate development.

This leadership change follows Snap's recent layoff of 1,000 employees, representing 16% of its workforce, as part of efforts to streamline operations. The company is set to report its first-quarter results on May 6.


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