Anthony Noto resigns as COO of Twitter to become CEO of SoFi (TWTR)

pulse

January 23, 2018 2:26 PM

Noto notified Twitter on Monday that he was resigning to take up the CEO role at the financial services company SoFi.

Twitter COO Anthony Noto has resigned from the company.
He has been named CEO of the financial services startup SoFi, effective March 1.
"I'm grateful to the SoFi board for this extraordinary opportunity to lead one of the most important new companies at the intersection of technology and finance," Noto said in SoFi's statement about the news.

Twitter's chief operating officer, Anthony Noto, has resigned to become the CEO of the financial services startup SoFi.

Twitter confirmed Noto's departure in a news release Tuesday morning. Twitter stock was down about 3% after the news broke.

Noto notified Twitter on Monday that he would be resigning from his post to accept the CEO role at another company, which was quickly confirmed to be SoFi, following earlier reports. Noto will start at SoFi on March 1.

"Anthony has been an incredible advocate for Twitter and a trusted partner to me and our leadership team," Twitter CEO Jack Dorsey said in a statement. "On behalf of the entire team, I want to thank Anthony for his passion and his impact, and congratulate him on his new role."

I#emo#m really sad to see @anth... @ jack

@Jack Thank YOU#emo##emo# for trust... @ Anthony Noto

Noto joined Twitter as CFO in July 2014. He led Twitter's initial public offering while he was a banker at Goldman Sachs, and before that he was CFO for the NFL for nearly three years. Noto served as CFO of Twitter until November 2016, when he took over the COO role from Adam Bain.

Noto will be taking over for Tom Hutton, SoFi's executive chairman. Hutton was named interim CEO in September after SoFi's cofounder Mike Cagney announced he would be stepping down as CEO amid an investigation into claims of sexual harassment at SoFi.

"I'm grateful to the SoFi board for this extraordinary opportunity to lead one of the most important new companies at the intersection of technology and finance," Noto said in SoFi's statement about the news. "SoFi has a significant opportunity to build on its leadership position in student and personal loans to revolutionize consumer finance and build a next-generation financial services company. I'm excited to work with Tom and the rest of the SoFi team."

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