Twitter Replaces Its CFO With Goldman Sachs Veteran
Twitter said in a regulatory filing Tuesday that CFO Mike Gupta was stepping down from the role and would assume the role of senior vp, strategic investments within the next 30 days.
Twitter’s board has appointed veteran banker Anthony Noto as the social media company's new CFO.
Noto, 46, served as a managing director in the technology, media and telecom investment banking group at Goldman Sachs since Oct. 2010 and as the group's co-head from Sept. 2011 to May. Goldman was one of the banks that worked on Twitter's IPO.
Noto previously served as CFO of the National Football League and as an analyst for Goldman Sachs.
Twitter didn't disclose a reason for the executive shuffle. It said that "this change is not related to Twitter's previously issued expectations." However, reports have shown that Wall Street has given negative reviews to Twitter's investor-relations work under Gupta.
Noto will get an annual salary of $250,000, plus stock grants and stock options.