“Drew is an business thought chief who brings a observe document of constructing a worldwide finance group for top progress corporations,” Steve Huffman, co-founder and CEO of Reddit, mentioned in a press release. “He might be an incredible addition to our Govt Workforce, as Reddit continues accelerating our enterprise and person progress.”
Reddit now has greater than 52 million day by day lively customers, the corporate mentioned, and its promoting income grew 90% year-over-year in the course of the fourth quarter.
As for a attainable IPO, a Reddit spokesperson mentioned “if and when the time is true, changing into a public firm is a risk” — however famous the corporate is presently centered on “sustaining that constructive progress and making certain we’re serving to our customers create and preserve wholesome communities and offering efficient promoting options for manufacturers.”
Vollero will deal with constructing out Reddit’s finance crew throughout tax, treasury, audit, monetary planning, gross sales finance, accounting, procurement and investor relations, the corporate mentioned Friday.
“As Reddit accelerates progress, we’re creating the inspiration and capabilities to assist an more and more world, giant and various enterprise,” the corporate mentioned within the launch.
Reddit added that amongst Vollero’s favourite subreddits is r/dadjokes, a discussion board described on the location as “a homely place for the perfect and worst of jokes that make you giggle and cringe in equal measure.”