Khan stated that his departure does not reflect any disputes with the company management.
“There is never a perfect time to say goodbye, but we have a stellar leadership team in place to guide Snap through the next chapter, and I plan to stay on to ensure a very smooth transition,” Khan said.
Khan’s departure follows the stepping down of two other Snap executives in May including finance chief Andrew Vollero and VP Stuart Bowers.
The company has recently been reeling under investor pressure after struggling with falling user count, primarily due to a shift in millennial customer base to rival Facebook (FB).
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In the most recent quarterly results, the company managed to beat analysts’ projections, but guided topline below expectations.
Snap shares have fallen 34% year to date and 63% since IPO.
