Snap Appoints New CFO as Andersen Departs

By EC Assets · Published 20 April 2026 · Updated 28 May 2026

Snap Inc. Chief Financial Officer Derek Andersen will step down from his position. Doug Hott, currently the company's vice president of finance, will succeed Andersen. This leadership change comes as Snap faces headwinds in its financial performance. Andersen has served as Snap's CFO. Hott has a background working at Amazon prior to joining Snap. Hott's appointment follows a trend of Snap recruiting finance professionals from Amazon. Earlier in the quarter, financial headwinds. The company did not offer guidance during that period. This led to a 13% decline in its stock. Andersen recently sold Snap shares. These sales totaled $255,973. This occurred amid discussions about Snap's stock valuation. Investors will likely monitor Snap's financial performance following this management change. The company's ability to navigate current market conditions remains a focus. This article is intended for informational purposes only. It does not constitute investment advice.