Snap CEO Hired Chief Business Officer, Then Changed His Mind

According to a report from Bloomberg, citing people familiar with the matter, Snap CEO Evan Spiegel officially made Kristen O'Hara, former longtime WarnerMedia/Time Warner exec, the chief business officer of Snap, but changed his mind two days later. Spiegel decided to hire Jeremi Gorman, who oversaw ad sales at Amazon, instead. 'The switch was jarring for Snap's sales division, as O'Hara was well-liked,' Bloomberg reports. 'Now she's gone.' From the report: In a statement to employees Monday, O'Hara told colleagues she is leaving due to changes in team structure. Even if Gorman works well in the role, the incident has eroded trust in Spiegel's decision-making as he is working to improve his leadership skills, and as Snap is depending on new managers to help boost the company's performance. Snap confirmed O'Hara's departure and declined to comment on the circumstances. In an email to the business solutions team on Monday, provided by Snap, Spiegel praised her leadership. Spiegel wrote: 'In her time here, Kristen had an immediate and positive impact on the company. She had a deep understanding of our business from the outset and forged strong client relationships that we will continue to build upon. I will miss the leadership and enthusiasm she brought to the organization and wish her only continued success. Jeremi joins us with proven expertise and talent that will make our platform even better for our partners, and I am excited to have her on our team.'

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