Snap’s CFO is out and a veteran Amazon exec is taking his place

Snap Chief Financial Officer Drew Vollero is going to be leaving his post at the Snapchat parent company next week and will be replaced by Amazon VP of finance Tim Stone, according to financial documents filed with the SEC today.

Vollero was the company’s first CFO and has presided over Snap finances since joining less than three years ago. Since going public a little over one year ago, Snap has endured some rather turbulent times on Wall Street.

After opening at $24, the company’s lackluster user growth numbers and ruthless competition from Facebook has left the company trading below $11 currently. This follows a particularly rough quarterly earnings report last week that saw user growth crawl and left the stock price diving.

Stone comes aboard after a…

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