Dive Brief:

• Former Trade Desk CFO Alexander Kayyal resigned from the company’s board of directors as of Mar. 19, according to a Wednesday securities filing. Kayyal’s resignation comes after the Salesforce alum served a brief, five-month stint as the Venture, Calif-based business’ finance chief, before having his role abruptly terminated in January, CFO Dive previously reported.
• The resignation is one of several changes reshaping the advertising technology provider’s board this week, including its audit and compensation committees. The Menlo Park, Calif.-based company also announced Reddit CFO Andrew Vollero will join its board and audit committee — succeeding audit committee member Gokul Rajaram, according to a press release and the Wednesday filing with the Securities and Exchange Commission. Rajaram previously announced his intent to depart, effective April 3, according to a prior filing.
• In another audit committee move, Trade Desk said director Kathryn Falberg resigned from the board effective Mar. 23. Due to Falberg’s departure, Trade Desk informed Nasdaq that it does not comply with some listing rules, including requirements that a minimum of three directors serve on its audit committee and that at least two directors serve on its compensation committee, according to the Wednesday filing.

Dive Insight:

As the first finance chief hired by Reddit in 2021, Vollero helped to guide the social media platform during its initial public offering in March 2024, according to the press release. Previous roles include serving as the first-hired CFO for social media and video platform Snap Inc, and senior finance roles at businesses including toymaker Mattel Inc and Yum! Brands, according to Vollero’s LinkedIn profile.

Vollero’s “extensive experience as CFO and his ability to guide organizations through periods of growth make him an exceptional addition to our board,” Jeff Green, CEO and co-founder for The Trade Desk said in a statement included in the release. “His financial acumen, strategic mindset and leadership across some of the most dynamic companies in technology will be invaluable as we continue to scale globally and deliver long-term value for our clients and shareholders.”

In association with his appointment to Trade Desk’s board, Vollero will receive annual compensation of $50,000, and $12,500 for his service on the audit committee, according to the SEC filing. He will also be eligible to receive an initial equity grant valued at $290,000, and an annual equity grant of $290,000, prorated from the date of his appointment to Trade Desk’s next annual meeting of stockholders.

The shifts to the ad tech company’s board come only a few months after Trade Desk appointed 11-year company alum Tahnil Davis as its interim CFO following Kayyal’s departure from the seat, CFO Dive reported at the time.

Kayyal previously served as a member of Trade Desk’s board beginning in February 2025, before beginning his term as CFO in August of that year, CFO Dive reported. He was expected to remain as a director until its 2026 annual meeting of shareholders, according to a January SEC filing on his termination as CFO.

In association with a previous separation agreement reached after his role as CFO was ended, Trade Desk agreed to pay Kayyal “amounts previously agreed to in connection with his employment agreement,” as well a $400,000 relocation amount to assist with his move to the U.K., according to the Wednesday filing. Falberg and Kayyal’s departures were not the result of any disagreement with the company, Trade Desk said.