Snap second in command Imran Khan to leave company after three years
Snap today announced that its chief strategy officer of three years, Imran Khan, is set to leave the company.
Khan informed Snap last week that he would be exiting to pursue other opportunities. The filing to the US Securities and Exchange Commission said his departure was not down to any disagreement with the company.
His final day is yet to be confirmed, though the company said he will stay in his role to help with the transferral of his role and responsibilities to his successor.
"Imran has been a great partner building our business," said Evan Spiegel, chief executive officer. "We appreciate all of his hard work and wish him the best."
Khan added:
There is never a perfect time to say goodbye, but we have a stellar leadership team in place to guide Snap through the next chapter, and I plan to stay on to ensure a very smooth transition.
Snap shares slipped one per cent as markets opened on Wall Street following the announcement.
Before joining Snap, Khan worked as an investment banker for Credit Suisse, where he had a hand in Alibaba's blockbuster initial public offering in 2014.
At its most recent quarterly results Snap issued lower than expected revenue guidance as its daily users on the platform fell to 188m.