×
You will be redirected back to your article in seconds

Snapchat Chief Strategy Officer Imran Khan Resigns

Exec expected to launch technology investment firm after leaving Snap

Imran Khan, Snap’s chief strategy officer for nearly four years, is planning to exit the company.

Khan will leave Snapchat’s parent company “to pursue other opportunities,” Snap said in a regulatory filing Monday. He’ll continue to serve as chief strategy officer during a transition period; Khan’s last day “has not been determined,” the company said.

Khan plans to form a technology investment firm after he leaves Snap, Bloomberg reported, citing an anonymous source.

After more than a decade on Wall Street, Khan has served as Snap’s chief strategy officer since January 2015. Prior to joining Snapchat he was managing director in Credit Suisse’s investment banking division from May 2011 to January 2015, after working as an equity analyst at J.P. Morgan from 2004-11. Khan holds a bachelor’s degree in finance and economics from the University of Denver.

Shares of Snap dropped more than 2.5% Monday on the disclosure of Khan’s exit.

“Imran has been a great partner building our business. We appreciate all of his hard work and wish him the best,” Snap CEO Evan Spiegel said in a statement.

Khan, in a statement provided by Snap, said: “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.”

According to Snap’s 10-K filing for 2017, Khan had a salary of $441,923 last year and received a $100 million one-time stock performance award in January 2017. The stock award vests over a period of 11 years from the grant date.

More Digital

  • Nancy Pelosi

    Facebook on Defensive Over Fake Pelosi Video

    Facebook faced growing criticism this week over its decision not to remove a video that was doctored to suggest that House Speaker Nancy Pelosi was intoxicated during a recent public event. The video, which has been viewed more than 2.5 million times, had been slowed down notably, giving the impression that Pelosi was slurring her [...]

  • Little-Black-Mirror-Maia-Mitchell

    Netflix Launching 'Little Black Mirror' Video Series Starring Maia Mitchell, Lele Pons, Rudy Mancuso, Juanpa Zurita and More

    To promote next month’s premiere of “Black Mirror” season 5, Netflix is launching a short video series — “Little Black Mirror,” with a cast that includes an ensemble of Latinx social-media stars. The three “mini-stories,” aimed at Spanish-speaking audiences, are inspired by the tech-dystopian universe of Charlie Brooker and Annabel Jones’ anthology series. “Little Black [...]

  • Twitter

    Twitter Permanently Bans Anti-Trump Krassenstein Brothers, Who Deny They Broke Platform's Rules

    Twitter permanently suspended the accounts of Ed and Brian Krassenstein — progressive political activists famous for trolling Donald Trump and his supporters — with the company alleging the brothers used bogus accounts to amplify their reach on the platform. “The Twitter Rules apply to everyone,” a Twitter rep said in a statement. “Operating multiple fake [...]

  • Snapchat

    Snap in Talks to License Music to Let Snapchat Users Embed Songs in Posts

    Snap wants to up Snapchat’s music game. The company has been in negotiations with music companies including the big three — Sony Music Entertainment, Universal Music Group and Warner Music Group — to license song catalogs for the Snapchat app, according to two industry sources familiar with the talks, confirming a Wall Street Journal report. [...]

  • T-mobile - Netflix - John Legere

    T-Mobile Passes Netflix Price Hike Through to Subscribers

    T-Mobile is getting ready to raise prices for subscribers who have taken advantage of its “Netflix On Us” promotion: The mobile carrier will begin charging existing customers who have participated in the promotion an additional $2 per month to account for Netflix’s recent price increase. Consumers will see their bill go up starting on 6/2. [...]

  • Oona King

    Snap Hires Google Exec Oona King as First VP of Diversity and Inclusion

    Snap continues to fill out the ranks of its revamped leadership team: The Snapchat parent tapped Oona King, most recently Google’s director of diversity strategy and a former member of British Parliament with the Labour Party, as its first VP of diversity and inclusion. King, who starts at Snap on June 11, is also the [...]

More From Our Brands

Access exclusive content