Snap Cancels Partner Summit, Announces New Board Member
Snap canceled its in-person Snap Partner Summit that was to be held all day April 2 due to COVID-19 concerns, according to a note sent out Thursday evening to invitees.
The company had initially planned to stream the conference virtually, but then decided against that as well, instead postponing the event for developers, advertisers and creators. Snap has asked its employees to work from home.
In addition, Snap Inc. announced it's adding a new seat to its seven-person board of directors.
Kelly Coffey, the CEO of City National Bank, a subsidiary of the Royal Bank of Canada, has been appointed effective May 18, the Santa Monica-based company announced in a news release Friday.
Kelly Coffey, CEO of City National Bank has been appointed to Snap Inc.'s board of directors.
"As a business leader and finance executive, Kelly brings valuable experience and a constructive perspective to the Snap board," said Evan Spiegel, co-founder and CEO of Snap, in a statement.
Coffey's addition adds a third woman to the now eight-member board of the self-described camera company helmed by Chairman Michael Lynton, the former CEO of Sony Entertainment Inc.
"I'm thrilled to join Snap as its team rapidly innovates and builds a sustainable business for the long-term," said Coffey in a statement.
Coffey has been CEO of City National Bank since February 2019. She was previously CEO of J.P. Morgan's U.S. Private Bank. She received an MS in Foreign Service from Georgetown University and a BA in International Affairs & French from Lafayette College.
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