Roku Chief Financial Officer Steve Louden will leave the company after nearly five years.
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The streaming platform, whose stock is up 330 percent on the year and 351 percent year-to-date, announced Monday that Louden will depart after helping the company find his replacement. He joined Roku in 2015 and played a key role in its initial public offering.
Louden will relocate to Seattle with his family after the shift, according to a the company.
“Steve has been a valuable member of our leadership team,” Roku Founder and Chief Executive Officer Anthony Wood, said in a prepared statement. “He managed our finances through our transition to a public company and rapid expansion into new areas of streaming. I look forward to working with Steve as we hire our next CFO and continue to execute our strategy and build value for our customers, employees and shareholders.”
In its second-quarter earnings report, Roku past sed 30 million active accounts, with an average per-user revenue of $21. Total revenue growth surged 60 percent year-over-year.
While the company has seen recent success, it faces stiff competition from other big-name streaming add-ons, which let users watch content from streaming platforms like Netflix.