Snap names Doug Hott as new CFO

Published: 2026-04-20 18:39:30 ET SNAP

Published on 04/20/2026 at 06:39 pm EDT - Modified on 04/20/2026 at 06:47 pm EDT

April 20 (Reuters) - Snapchat-parent Snap on Monday named Doug Hott as its new CFO, replacing Derek Andersen.

o Hott, 53, has served as the company's vice president of finance, strategy, and corporate development.

o Andersen, who has been in the role for seven years, is expected to leave on May 8.

o The move comes soon after the social media firm last week laid off 1,000 employees, including 16% of full-time staff, becoming the latest technology company to shift towards leaner teams.

o The company is expected to report first-quarter results on May 6.

(Reporting by Koyena Das in Bengaluru; Editing by Maju Samuel)