Twitter Replaces CFO Amid Executive Shuffle

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Twitter goes public at the New York Stock Exchange on Nov. 7, 2013.

Image: Mashable/Christina Ascani

By Seth Fiegerman2014-07-01 13:54:04 UTC

Twitter's executive shuffle continued Tuesday with news that the company is replacing its chief financial officer.

Twitter has appointed Anthony Noto to replace Mike Gupta as CFO at the company, according to a company filing on Tuesday. Noto had most recently worked at Coatue Management, a hedge fund, and before that worked as a top tech banker at Goldman Sachs where he steer Twitter's initial public offering.

Noto, who is expected to start within the next 30 days, will be paid an annual salary of $250,000 at Twitter. Gupta, his predecessor, will shift into a new role as SVP of strategic investments.

The move comes just a few weeks after Twitter announced that its COO Ali Rowghani and head of media Chloe Sladden would be leaving the company.

Twitter's IPO in November went relatively smoothly, but in the months since then the company has been hampered by concerns about slowing user growth. The company's stock plummeted from near $70 a share at the beginning of the year to less than half of that last month, though it has rebounded a bit in recent days.

Noto has earned acclaim for working with a number of big name technology companies, though he has also been criticized for touting companies that imploded went the tech bubble burst in 2000.

Twitter's stock was up more than 4% in early trading Tuesday following the news.