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Snap Inc. on Tuesday announced Ronan Harris, president of EMEA at Snap, would be promoted to a new role as chief commercial officer, replacing the company's outgoing chief business officer Ajit Mohan, according to CEO Evan Spiegel's note to employees.

Why it matters: Snap has experienced a lot of turnover in its top commercial role over the last few years, but it's posted strong growth recently amid improvements to its ads platform.