Snap Inc’s chief strategy officer Imran Khan resigns

Snap Inc. Chief Strategy
Officer Imran Khan.
AWNY2017/REX/Shutterstock

Snap’s chief strategy officer is leaving the company “to pursue
other opportunities”, the company said Monday.

Imran Khan told Snap Inc, the parent company of messaging app
Snapchat, he wanted to leave last week,
according to a filing with the US Securities and Exchange
Commission. His final day on the job has not yet been set and
he will help “assist with an effective transition of his duties
and responsibilities,” Snapchat said.

Snapchat CEO Evan Spiegel said in the SEC filing: “Imran has been
a great partner building our business. We appreciate all of his
hard work and wish him the best.

“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.”

Snapchat said Khan’s departure “is not related to any
disagreement with us on any matter relating to our accounting,
strategy, management, operations, policies, or practices
(financial or otherwise).”

Former Credit Suisse banker Khan joined Snapchat in 2015 as part
of efforts to prepare the company for IPO.

Snap
Inc’s shares are down 1.8% in pre-market trading on Monday after
news of Khan’s departure.

Get the latest Snap stock price here.