Snap Inc. announced the appointment of Lara Sweet, Snap's current Chief Accounting Officer, as interim Chief Financial Officer and principal financial officer. Ms. Sweet will report to CEO Evan Spiegel. Mr. Stone will continue to assist Snap in the effective transition of his duties, including through Snap's scheduled full year 2018 financial results announcement.

Snap has initiated a search for a permanent Chief Financial Officer. In her duties as interim Chief Financial Officer and principal financial officer Ms. Sweet will oversee Snap's finance, accounting, and people teams. Ms. Sweet joined Snap in 2016 and served in multiple roles in Snap's finance organization, including Chief Accounting Officer and VP Controller. During her tenure in these roles, Ms. Sweet was integrally involved in developing and implementing best practices across Snap's accounting and financial reporting functions.