In a blog post by Slack – the company announced that Longtime Slack finance employee Allen Shim has become the company’s first Chief Finance Officer.
The move has caused speculation that the enterprise social networking startup could go public in 2018. Slack’s most recent funding round in July valued the company at $5 billion, making it one of the most valuable enterprise software startups in Silicon Valley. That means that all eyes are on Slack as it possibly prepares to make a splash on the public markets.
Slack CEO Stewart Butterfield said:
“Today, I’m excited to announce another milestone: Allen Shim has been appointed Chief Financial Officer for Slack. This is a new position for us and a promotion for Allen, who has been my right hand from the earliest days. Allen is a trusted advisor to the executive leadership team and our Board, having helped build Slack from a small-but-ambitious startup to the high-growth global enterprise software company it is today. Slack is emerging as a different kind of SaaS company, and he knows our business better than anyone. Allen is guiding us toward the next phase of our growth, and I can’t think of a leader better suited to the opportunity at hand.”