See Why Anthony Resigned From His Duties
Chief Operating Officer, Anthony Noto is leaving to become head of online lender Social Finance Inc., dealing a blow to Twitter’s strategy for growth and raising questions about who will run day-to-day operations in the company.
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Noto will take over the top spot at SoFi on March 1, 2018. At that time, board member Tom Hutton, who has been serving as interim CEO since SoFi co-founder Mike Cagney resigned from the financial-technology startup in September, will become its nonexecutive chairman.
Noto’s departure will leave a void at Twitter. Its chief, Jack Dorsey splits his time between the social-media company and Square Inc., the payments company he founded. Shares of Twitter fell 2.5% in morning trading.
“Anthony has been an incredible advocate for Twitter and a trusted partner to me and our leadership team,” CEO Jack Dorsey said in a statement.
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