Roku CFO Louden announces departure

Roku chief financial officer Steve Louden has announced his plans to step down from the role.

The company said that Louden will help the company hire a replacement and assist in a “smooth transition.”

Joining Roku in 2015 as CFO, Louden aided in the company’s expansion to become a household brand and transition from being a purely hardware-driven business to diversifying towards services and advertising. 

Louden said: “I’m very proud of Roku’s accomplishments. Given the company’s strong financial position and exciting growth plans and my desire to relocate with my family back to Seattle, this is the right time for me to help Roku bring on a new financial leader.”

Roku founder and CEO Anthony Wood said: “Steve has been a valuable member of our leadership team. 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 during the transition as we hire our next CFO and continue to execute our strategy and build value for our customers, employees and shareholders.”

Louden leaves the company in a healthy financial position, with the company’s stock up 351% in the year to date. The company said he played a key role in its IPO.