Biography
Drew Vollero is an American finance executive who became Reddit's first chief financial officer in March 2021, joining the company as it prepared for an eventual initial public offering. With more than three decades of industry experience, Vollero spent roughly 15 years at toy maker Mattel from 2000 to 2015, where he served as a division CFO and later as senior vice president of corporate development, strategy, and investor relations. That long corporate-finance background positioned him as a candidate experienced in both operations and capital markets.
Vollero is best known in the technology world as the first chief financial officer of Snap Inc., the parent company of Snapchat, where he led the company's high-profile 2017 initial public offering. He departed Snap in 2018 and subsequently served as CFO of the security and staffing firm Allied Universal before being recruited to Reddit. His hiring at Reddit was widely interpreted by the press as a clear signal that the company was seriously moving toward going public, given his prior experience steering a major social-media IPO.
At Reddit, Vollero oversaw the financial preparation, reporting infrastructure, and investor relations needed to take a company with a long history of cumulative losses to public markets. Reddit ultimately listed on the New York Stock Exchange on March 21, 2024 under the ticker RDDT, pricing its IPO at $34 per share, the top of its expected range. The offering raised roughly $750 million for the company and selling shareholders, and the stock jumped sharply on its first trading day, giving Reddit a market capitalization of around $9.5 billion.
Vollero has been profiled in finance trade press for helping keep Reddit relatively capital-light during its growth phase, emphasizing disciplined spending as the company scaled its advertising and data-licensing revenue. His career arc, leading IPO finance functions at both Snap and Reddit, made him a notable figure among CFOs who specialize in bringing consumer-internet and social-media companies to public markets. His tenure at Reddit coincided with the company's transition into a publicly traded, eventually profitable business.