Twitter CFO Anthony Noto may take SoFi CEO job

Is Twitter about to go through a new round of upheaval in its executive ranks?

Reports have surfaced saying Anthony Noto, Twitter’s chief operating officer, has been offered the chief executive job at San Francisco-based online-lending and finance company Social Finance, better known as SoFi. The Wall Street Journal reported that Noto is in talks about the SoFi CEO spot, but that nothing has been finalized.

If Noto takes the SoFi CEO job, he will be replacing company chairman Tom Hutton, who has been serving as SoFi’s interim CEO since he took over from Mike Cagney last September. Cagney stepped down from his postĀ over accusations of sexual harassment and an improper workplace culture.

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Should Noto leave Twitter, it would end a long association he has had with the social media company. While working at Goldman Sachs, Noto helped take Twitter public in 2013, then joined the company as its chief financial officer in 2014. Noto became Twitter’s COO in 2016 during a year in which multiple executives left the company.

The Journal said people close to the matter expected Noto to make a decision about his future in the coming days. There is speculation that Noto may be negotiating with Twitter CEO Jack Dorsey about a greater leadership role with the company, the Journal reported. In addition to his Twitter commitments, Dorsey also serves as CEO of payments-processing technology company Square.

Twitter shares are down about 1.2 percent to $23.36 Monday.

Photo: A sign at a SoFi company event in San Francisco. Reports say Twitter Chief Operating Officer Anthony Noto has been offered the chief executive job at SoFi. (Courtesy of SoFi)

 

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