Social networking site Twitter has announced it is hiring former Goldman Sachs executive Anthony Noto as its CFO.
In his role as co-head of Goldman’s global telecommunications, media and technology investment banking group, Noto played a key part in taking Twitter public in its $2.1 billion IPO last year.
The 46-year-old former NFL CFO left Goldman Sachs shortly after the Twitter IPO to join hedge fund Coatue Management, having helped establish the finance giant as a major player in the tech sector.
Noto confirmed the news in a tweet, saying: "I could not be more excited about joining the @Twitter team & helping them reach every person in the world. #indispensable."
The news appeared to please investors, with Twitter’s shares rising 2.6% following the announcement.
Noto will start at Twitter within the next 30 days, according to the SEC filing announcing his appointment, replacing Mike Gupta, who will become the company’s senior vice president of strategic investments, a new group that will be responsible for outside investments much like Google Ventures.
He will earn an annual salary of $250,000, as well as equity compensation of 1.5 million in shares of Twitter vesting over 4 years and the option to buy 500,000 shares.
The news is the latest in a series of executive changes for Twitter, which has also recruited a new vice president of product and replaced its head of engineering in recent months.
Twitter, which recorded $250.5m in revenues for the first quarter 2014, has been on somewhat of an acquisition spree in recent months, buying up mobile app firm TapCommerce, video sharing company SnappyTV and music sharing service Soundcloud within the last six weeks.
