Snap Inc. (NYSE: SNAP) has recently announced the appointment of Jim Lanzone, the CEO of Yahoo Inc., to its board of directors, effective as of September 12, 2024. Evan Spiegel, co-founder and CEO of Snap Inc., expressed excitement at welcoming Lanzone and highlighted the expectation of benefiting from his experience in technology and digital advertising.
Lanzone's appointment is seen as a strategic move to leverage his strong technology background as a key asset for Snap Inc. Michael Lynton, the chairperson of the board of directors, echoed this sentiment, expressing his gladness at having Lanzone on the board and anticipating their collaboration.
Jim Lanzone has an impressive track record, having served as the CEO of Tinder, president and CEO of CBS Interactive for over 8 years, and CBS Corporation's first chief digital officer. He has also previously served on the board of directors for Gopro, Inc., and Edmunds.com. Lanzone holds a bachelor's degree in political science from UCLA and a JD/MBA degree from Emory University.
Snap Inc. is a technology company that believes in the transformative power of the camera to enhance the way people live and communicate. The company's focus is on empowering individuals to express themselves, live in the moment, gain knowledge, and enjoy shared experiences.
This addition to Snap Inc.'s board of directors comes at a time when the company is experiencing significant long-term opportunities for growth, and the anticipation is high for the collaborative efforts of Lanzone, Spiegel, Lynton, and the other directors in furthering the iconic business of Snap Inc. Following these announcements, the company's shares moved 2.1%, and are now trading at a price of $9.52. If you want to know more, read the company's complete 8-K report here.
