Wednesday, 20 March, 2019

Anthony Noto leaves Twitter for CEO role at SoFi

Anthony Noto leaves Twitter for CEO role at SoFi Anthony Noto leaves Twitter for CEO role at SoFi
Patty Aguilar | 23 January, 2018, 16:59

Twitter confirmed Noto's departure in a news release Tuesday morning.

"On January 22, 2018, Anthony Noto notified Twitter Inc. that he is resigning from his position as the Chief Operating Officer of Twitter, effective as of an agreed-upon date prior to March 1, 2018", the company said in a regulatory filing. "As a policy, we don't comment on rumors or speculation", said the spokeswoman.

Noto, a Goldman Sachs alum, helped take Twitter public in 2013 before joining the company in 2014 as its chief financial officer. Indeed, SoFi has been without a permanent CEO since September, after Mike Cagney was ousted following lawsuits and sexual harassment allegations.

Noto was formerly a banker at.

Regarding Noto's Twitter departure, CEO Jack Dorsey expressed respect and appreciate for the departing executive's work at the social network, and sadness at his leaving.

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Noto has not yet accepted the offer, though he is likely to make a decision in the coming days, the Wall Street Journal reported. Twitter's previous COO was Adam Bain, who left in 2016 amid mounting pressure on the company to increase profits.

SoFi has endured a hard past 12 months as founding CEO Mike Cagney was ousted in a very public law suit and allegations regarding a toxic work environment and sexual harassment.

"We see Noto as Twitter's second-most important employee, after CEO Jack Dorsey", Kessler said.

Should Noto join SoFi, he would be taking charge of a completely different type of business than Twitter. Last year, it named Ned Segal its chief financial officer.

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