Reddit names its first-ever CFO as it mulls IPO henryherald.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from henryherald.com Daily Mail and Mail on Sunday newspapers.
5 March 2021, 10:00 am EST By
Arguably the world s most popular internet messaging board is now entertaining the fact about going public. Reddit, the popular social network and bulletin, recently stated that it had actually appointed its first Reddit CFO or chief financial officer. The person they chose was Drew Vollero, in a move towards helping to tidy up all of the company s books before launching a final stock public offering.
Reddit new CFO Drew Vollero
According to the story by The New York Times, when asked to address the question as to whether or not Reddit is going public, the company s chief executive, Steve Huffman, noted in an interview that the company is actually thinking about it as of the moment and is still working towards it.
Vollero, who served as Snap Inc’s first CFO and was a former executive of Mattel Inc, will lead Reddit’s finance team starting later this month and will report to Jen Wong, the company’s chief operating officer
Reddit Hires Former Snap CFO as It Mulls IPO
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Veteran finance exec Drew Vollero, who shepherded Snapchat parent Snap’s initial public offering in 2017, has joined Reddit as its first CFO as the internet discussion site is mulling an IPO of its own.
Vollero, who has 30-plus years of industry experience including a 15-year stint at Mattel, will assume leadership of Reddit’s finance team starting later in March and report to Reddit COO Jen Wong.
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“Drew is an industry thought leader who brings a track record of building a global finance organization for high growth companies,” Steve Huffman, co-founder and CEO of Reddit, said in a statement. “He will be a tremendous addition to our Executive Team, as Reddit continues accelerating our business and user growth.” The company is laying the groundwork for an IPO but has no timeline on going public, Huffman told the New York Times.