Former Snap Inc Exec Joins Reddit as the Company's First-Ever CFO. Image Source: Shutterstock.
Drew Vollero will be joining Reddit as the company’s first-ever chief financial officer. The former Snap Inc CFO will be joining the leadership team of the internet’s most notorious discussion site amid increased discussions of its initial public offering (IPO). He will join the Reddit team in late March, reporting directly to COO Jen Wong.
Vollero, a veteran in the financial industry, is most well known for fast-tracking Snap Inc’s IPO. After leaving Snap Inc in 2018, he joined security company, Allied Universal, as CFO. Previously, Vollero had a 15-year career with Mattel, where he was the SVP of Corporate Strategy, Development & Investor Relations.
“Drew is an industry thought leader, who brings a track record of building a global finance organization for high growth companies,” said Steve Huffman, co-founder and CEO of Reddit in a press release. “He will be a tremendous addition to our Executive Team, as Reddit continues accelerating our business and user growth.”
Following the recent events on its WallStreetBets forum, Reddit’s value double to $6 billion in February. The company reported that it has seen a 90% increase in advertising revenue year-over-year, and daily active users growth of more than 52 million.
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