“Drew helped us build a world-class finance and accounting team that will carry the company forward as we embark on our goal of completing a global acquisition and then a possible future IPO,” Allied Chief Universal Chief Executive Steve Jones said in a statement. “I wish Drew continued success in his new role as CFO of Reddit.”
Allied Universal is set to win a $5.3 billion bid to take over the London-based security firm G4S plc, which combined would have about 750,000 employees.
Reddit, a San Francisco-based privately held internet company, has thousands of writers blogging on subjects ranging from sports to bras to cute animals to stocks. Reddit said it’s becoming an increasingly global and diverse business with fourth quarter saw a 90% increase in advertising revenue year-over-year, and daily active users grew to more than 52 million.
“Drew is an industry thought leader, who brings a track record of building a global finance organization for high growth companies,” Steve Huffman, co-founder and CEO of Reddit said.
Vollero is scheduled to begin before the end of March; he'll be Reddit’s first-ever CFO. He also was the first CFO at Snap Inc. before it went public in 2017.