Chief Financial Officer Transition

Snap Inc. CEO Evan Spiegel sent the following note to Snap Inc. team members on April 20, 2026.

Dear Team,

Derek has let me know that after nearly eight years at Snap he is leaving for a new opportunity. Derek’s last earnings call will be May 6th, and his last day will be May 8th.

Derek has been a great partner to me and to our business and has helped us navigate some of the most challenging periods in our history, including the pandemic, ad platform transition, and several macroeconomic shocks. He has always done so with a keen eye to Snap’s long term prosperity and a commitment to doing what is best for our business. 

I’m excited to share that Doug Hott will assume the CFO role upon Derek’s departure, building on nearly seven years of close partnership with me across our strategic planning processes, capital allocation, and restructuring efforts. Doug has always had a strong commitment to cost control and has been a longstanding advocate for doing more with less, while upholding our commitment to creating long term value for our community and shareholders.

As part of this transition, Patrick and the workplace experience team will move to Scott Withycombe to create one aligned organization focused on our team member experience, Jim and the content team will move to Ceci’s product organization, and Anne and Craig from our partnerships organization will report to Zach. I believe these changes will create a more streamlined organization that is directly aligned to support our team, community, and partners.

Please join me in thanking Derek for his countless contributions to Snap and his selfless leadership through a period of extraordinary transformation. It is fitting that he is departing after creating a clear path to net income profitability and I am grateful for his hard work and determination in getting us to this point.

Evan

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