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Allied Universal CFO Departs for Reddit

Santa Ana-based Allied Universal, which is in the middle of buying a London based security firm that will make it the world's seventh largest company by employees, said Chief Financial Officer Andrew "Drew" Vollero is departing to take a similar role at Reddit Inc.

“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.

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Peter J. Brennan
Peter J. Brennan
Peter J. Brennan has been a journalist for 40 years. He spent a decade in Latin America covering wars, narcotic traffickers, earthquakes, and business. His resume includes 15 years at Bloomberg News where his headlines and articles sometimes moved the market caps of companies he covered by hundreds of millions of dollars. His articles have been published worldwide, including the New York Times and the Washington Post; he's appeared on CNN, CBC, BBC, and Bloomberg TV. He was awarded a Kiplinger Fellowship at The Ohio State University.
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