In a blog post this morning Slack CEO Stewart Butterfield announced the company is naming long-time employee Allen Shim as the company’s first CFO.
“Today, I’m excited to announce another milestone: Allen Shim has been appointed Chief Financial Officer for Slack, ” Butterfield wrote in the blog post. He went on to describe Shim as his right hand man, who has been with the company from its earliest days.
A CFO indicates a maturation for the 4-year-old company. Launched in 2014, Slack has raised $790 million, according to data on Crunchbase. Its most recent round was a $250 million investment led by Softbank Vision Fund( who else ?) last September. The company has a valuation of over$ 5 billion.
Butterfield also pointed out that the company brought Sarah Friar on board last year as their first independent members of the security council. Both of these moves could be a signal that the company is about to IPO at some point down the road. If “youre reading” between the lines in the blog post, Butterfield suggested that these moves are part of a longer-term plan.