Slack loses CPO before IPO launch

Slack's chief product officer leaves to focus on her venture capitalist organisation.

Trader looking at Slack IPO data Source: Bloomberg

Slack is going through impactful changes before the launch of its initial public offering (IPO). The office messaging company’s chief product officer (CPO) , April Underwood is leaving to focus on her own investment firm. Tamar Yehoshua, has been chosen to replace Underwood.

Why is Slack losing its CPO?

Slack is a very successful app that connects co-workers founded by, Stuart Butterfield, in 2013. The company has 8 million users and is valued at $7 billion before its IPO launch in late 2019. Underwood was considered Butterfield’s right-hand that implemented many of the app’s strategy and product innovations. During her four-year tenure, Underwood was behind the launch of the Slack platform and a fund that helped other startups. In the midst of Slack’s preparation to go public, Underwood is leaving Slack to focus on her venture capital organisation. Underwood’s investment firm, #Angels, help fund women-owned startups. She expressed gratitude to her former employer in a blog post.

‘At Slack, I've worked closely with brilliant founders to build a product that is transforming how millions of people get their work done every day. Looking back, I realize: I learned how to work, then I worked hard, and eventually I got the chance to help shape how millions of other people work as a product leader and executive here at Slack,’ wrote Underwood.

Butterfield praised Underwood in a statement in a blog post.

‘Beyond her accomplishments in building out the product and expanding the business, April has been an exceptional leader at this company. She has expanded and steered her team through a time of hypergrowth, and honed a high-performance-but-deeply-human culture of craftsmanship and relentless customer focus,’ wrote Butterfield.

Slack’s new logo

In addition to new staff, the office messaging company is launching a new logo. The multicolored hashtag logo has been replaced with the primary colors and rounded rectangles. Slack detailed the design change.

‘The updated palette features four primary colors, more manageable than the original’s eleven, which suffered against any background color other than white. These have been optimised to look better on screen, and the identity also retains Slack’s distinctive aubergine purple as an accent color,' noted Slack.

Slack is shaking things up now to hopefully impress investors in the future.

See an opportunity to trade?

Go long or short on more than 15,000 markets with IG.

Trade CFDs on our award-winning platform, with low spreads on indices, shares, commodities and more.

Related articles

Live prices on most popular markets

  • Forex
  • Shares
  • Indices
Bid
Offer
Updated
Change
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Bid
Offer
Updated
Change
Bid
Offer
Updated
Change
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-

Prices above are subject to our website terms and agreements. All share prices are delayed by at least 20 minutes. Prices are indicative only.

You might be interested in…

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.


This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.