Snap Inc. announced that as part of the strategic planning process, Evan Spiegel, Chief Executive Officer and Co-Founder, outlined a proposal to board of directors to create the role of Chief Operating Officer in order to more closely align engineering, ad product, and sales functions. Following those discussions, Mr. Spiegel made a recommendation to the compensation committee of the board to nominate Jerry Hunter, Senior Vice President of Engineering, age 57, to the newly-created role of Chief Operating Officer. The compensation committee approved Mr. Hunter's promotion, effective immediately, on August 30, 2022.

Mr. Hunter has served as Senior Vice President of Engineering since November 2017 and previously served as Vice President of Core Engineering since October 2016. In Mr. Hunter's new role, he will oversee engineering, sales, partnerships, and revenue organizations. In connection with Mr. Hunter's promotion, he will be awarded $19.5 million in new restricted stock units that will vest over the next 39 months in equal quarterly increments.

On August 26, 2022, Jeremi Gorman, Chief Business Officer, notified that she will leave Snap to pursue a new opportunity. Ms. Gorman's last day at Snap will be September 16, 2022. Ms. Gorman has agreed to continue to serve as Chief Business Officer for an interim period to assist with an effective transition of her duties and responsibilities.