Snap Inc. is undergoing a leadership transition in its finance organization, as Chief Financial Officer Derek Andersen prepares to depart after nearly eight years with the company. In an internal note shared on April 20, 2026, Evan Spiegel confirmed that Andersen’s final earnings call will take place on May 6, with his last day scheduled for May 8.
During his tenure, Andersen played a central role in guiding Snap Inc. through a series of complex challenges, including the COVID-19 pandemic, a major advertising platform transition, and broader macroeconomic volatility. Spiegel credited Andersen with maintaining a long-term perspective while helping the company navigate these disruptions and move toward sustainable profitability.
Following Andersen’s departure, Doug Hott will assume the role of Chief Financial Officer. Hott has worked closely with Spiegel for nearly seven years, contributing to Snap’s strategic planning, capital allocation decisions, and restructuring initiatives. Spiegel highlighted Hott’s focus on cost discipline and efficiency, as well as his commitment to long-term value creation for both the company’s community and shareholders.
The transition also includes a broader organizational realignment. Several internal teams will shift reporting structures to streamline operations and improve alignment across the business. The workplace experience team will move under Scott Withycombe, while the content team will transition into Ceci’s product organization. Additionally, members of the partnerships organization will now report to Zach, reflecting an effort to better integrate partner-facing functions.
Spiegel emphasized that these changes are designed to create a more cohesive structure that better supports Snap’s employees, community, and partners. He also noted that Andersen’s departure comes at a pivotal moment, as the company has established a clearer path toward net income profitability.
In closing, Spiegel expressed appreciation for Andersen’s leadership and contributions, describing his tenure as instrumental during a period of significant transformation for the company.
KEY QUOTES:
“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.”
“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 Spiegel, CEO, Snap Inc.
