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Twitter has hired Goldman Sachs banker Anthony Noto as its newest CFO.
Its current CFO, Mike Gupta, is stepping down from his role and will now be Twitter’s senior vice president of strategic investments, according to The Hollywood Reporter.
At Goldman Sachs, Noto worked as the managing director in the technology, media and telecom investing group, and led the Twitter IPO during his time there, reports Business Insider.
Before working at Goldman Sachs, he served as the CFO for the National Football League. Noto was reportedly planning to work for the hedge-fund firm Coatue Management this past week, but now he seems to be taking a different path.
Noto’s annual salary will be $250,000, in addition to $64 million in Twitter stock (1.5 million shares) and the option to buy 5,000 more.
Although Twitter has not stated a reason for its change in executive leadership, it reported that “this change is not related to Twitter’s previously issued expectations.”