Six months before LinkedIn went public in 2011, the company tapped a longtime Silicon Valley financial executive, Stanley Meresman, to join its board. As head of the audit committee, Mr. Meresman played a key role in preparing the company for the rigors of being publicly traded, said one former LinkedIn board member.
Nearly six years later, Mr. Meresman is playing that same part for Snap as it marches toward an IPO over the next several weeks. But there’s a big difference. On Snap’s board, which he joined in 2015, his history in tech makes him an outsider. While most private tech companies stack their boards with venture capitalists and founders, Snap’s board is dominated by veteran business executives from outside technology.