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The strategy director of Snap leaves the company "to pursue other opportunities," the company said Monday.
Imran Khan last week told Snap Inc., the parent company of the Snapchat messaging application, that it wanted to leave, according to a document filed with the US Securities and Exchange Commission. His last day of work has not yet been defined and he will help "facilitate the transition of his duties and responsibilities," Snap said.
"Imran has been an excellent partner in building our business," said Evan Spiegel, CEO of Snap, on the SEC's case. "We appreciate all his work and wish him the best."
In the filing, Khan said that there was "never had a good time to say goodbye" but that the company had "a stellar management team in place to guide Snap in the next chapter, and I intend to stay to ensure a smooth transition. " "
Snap stated that Khan's departure was "not related to a disagreement with us on matters relating to our accounting, strategy, management, operations, policies or practices (financial or otherwise)".
A former Credit Suisse banker, Khan joined Snapchat in 2015 as part of efforts to raise awareness of the company. Snap Inc. went public at $ 17 per share in March. Its stock price has been under pressure in recent months after a controversial overhaul and is now trading at a record low.
The share price was down 1.8% to $ 9.74 in trading on Monday after the announcement of Khan's departure.
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