Twitter COO Anthony Noto resigns to become CEO at SoFi

Twitter COO Anthony Noto resigns to become CEO at SoFi

Cagney, SoFi's founder, resigned as CEO previous year in the wake of a pair of lawsuits alleging sexual harassment and unfair work practices, the FT said.

It seems the opportunity to take on his first CEO role was too big for Noto to turn down, though his departure will be a big blow for Twitter, which has lost a number of big name executives in recent years.

" New leadership would compound challenges to the stock, should results deviate from the current narrative of rebounding growth", the firm wrote.

Twitter Inc's Chief Operating Officer Anthony Noto resigned to join online lender Social Finance Inc (SoFi) as its chief executive officer.

At Twitter, Noto has led business and revenue operations since 2016.

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Noto is considered a key part of the company's leadership team.

Twitter hired Noto as chief financial officer (CFO) in 2014, with a stock award worth more than US$60 million, following a career in banking at Goldman Sachs Group Inc, where he helped Twitter go public.

Noto has been Twitter's COO for a little more than a year. He has long chased the dream of becoming a chief executive, according to A revolving door of executives at Twitter has not included Noto.

If Noto takes the SoFi CEO job, he will replace Chairman Tom Hutton, who has served as SoFi's interim CEO since last September. "On behalf of the entire team, I want to thank Anthony for his passion and his impact, and congratulate him on his new role".

Shares of Twitter fell more than 3 percent in premarket trading. "While it's bittersweet to depart, I have the utmost confidence in Twitter's future and look forward to watching the wonderful success the team will continue to achieve".

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