The theme of Reddit CFO Drew Vollero’s career has been consumer products, he told us, and the social media company is no different—well, except for the kind of product. In his career, Vollero has traded sodas for Barbies, and Barbies for social tech.

A decade with PepsiCo and Yum! Brands across QSRs like Taco Bell and KFC gave Vollero experience in strategic planning, M&A, real estate, and marketing. Another decade and a half with toy maker Mattel added corporate strategy and investor relations to his competencies.

In Vollero’s first CFO job, he had the opportunity to lead the IPO for a major consumer brand, Snapchat, calling it a “once in a lifetime experience.” Vollero helped launch Snap’s IPO in 2017 before taking a detour into private security as CFO of Allied Universal, and ended up at Reddit in March 2021 with the goal of taking it public, too.

In an interview with CFO Brew, Vollero discussed his IPO launch experience and how Reddit’s capital expenditure philosophy differs from some other tech companies.

What did you learn from your IPO experience at Snap that helped you with the Reddit IPO?

If I think about double clicking on Reddit, I think the couple of things that were sort of interesting on that one is, one, I thought we were savvy on using time at Reddit. I joined Reddit in 2021 with the idea of taking the company public in 2022. We could have gone public in 2022; I don’t think we would have gotten the highest price that we wanted, but I don’t think we were necessarily ready as much to be a public company.

RTFA about Reddit’s Drew Vollero.—DL

Not with a fizzle, but with two board seats.

Lululemon has settled its beef with founder Chip Wilson, offering him two board picks in return for a pledge to not disparage the company for 18 months, among other conditions.

We have to wonder: What would the company have traded for Wilson to refrain from any mud-slinging for 20 months? But we digress…

As a result of the agreement, two of Wilson’s board nominees—former On sneaker maker co-CEO Marc Maurer and former ESPN chief marketing officer Laura Gentile—will join the board following the company’s annual meeting on June 25.

Lululemon “agreed to appoint an additional director with product and brand expertise in apparel” by the first of October, according to a press release. (The board already has a finance executive—Teri List, the former CFO of Gap.)

Additionally, Lululemon will make a donation to Kitsilano Beach in Vancouver, where the company was founded, to support athletics, art, and landscaping. Previously, Wilson asked the athletic apparel company to reimburse expenses tied to the proxy fight, per CNBC.

Is this highly public war of words over?—NP

In an era when eye-popping healthcare premiums are prompting employers to take a hard look at their benefits, some are considering an option that wasn’t even available 10 years ago. Rather than paying for a group health plan, they’re giving their employees money to buy their own through an individual coverage Health Reimbursement Arrangement (ICHRA).

ICHRAs, first made available in 2020, are still a fairly nascent strategy for employers looking to cut health costs.

Nationwide, about 200,000 employees and their dependents were given the option to enroll in an ICHRA in 2025, per the most recent data from trade and advocacy organization the HRA Council. The council’s executive director, Robin Paoli, told us that “growth continues to be strong” but official numbers likely won’t be out until June. The council is also working on compiling data on employees’ satisfaction with ICHRAs.

HR leaders at organizations that have switched from group health plans to ICHRAs in recent years told us their decisions were driven largely by cost in addition to concerns about employee choice. Transitioning to an ICHRA requires a fair amount of change management, they said, as it puts the onus on workers to manage their own health plans.

Read more on HR Brew about switching to an ICHRA.—CC, CV