Ex-Goldman Banker Anthony Noto Joins Twitter as CFO
Anthony Noto, who led last November’s initial public offering (IPO) of Twitter’s shares while at Goldman Sachs, is joining the social network as its chief financial officer (CFO).
In a Securities and Exchange Commission (SEC) filing Twitter disclosed that Noto will replace its current CFO, Mike Gupta, within the next 30 days. Gupta is to remain with the company in the post of senior vice president of strategic investments.
Noto originally worked at the Wall Street firm as an equity analyst, but left Goldman in 2008 to become CFO of the US National Football League (NFL). However, he returned to the investment bank two years later and joined its technology, media and telecom business.
He became co-head of the business in 2011 and last year was the key player as Goldman beat rivals at Morgan Stanley to secure the coveted ‘lead left’ spot on Twitter’s IPO. However, more recently Noto has moved over to join Coatue Management, a technology-focused hedge fund.
Noto’s move to Twitter after his relatively brief tenure at the hedge fund comes after Twitter’s chief operating officer (COO), Ali Rowghani, departed last month. Twitter indicated in a filing at the time that it had no plans to replace Rowghani. The social network group’s shares have performed poorly this year on investors’ perception that user growth has been disappointing.
“I could not be more excited to join the Twitter team and helping them reach every person in the world,” said Noto in a tweet posted earlier today.