Mike Gupta is no longer Twitter’s chief financial officer.
Twitter announced in a public filing today that former Goldman Sachs executive and NFL CFO Anthony Noto will take over Gupta’s responsibilities. While at Goldman Sachs, Noto played a key role in helping Twitter through its initial public offering.
— Anthony Noto (@anthonynoto) July 1, 2014
Gupta will remain at Twitter, Re/Code reports, serving as the company’s SVP of strategic investments. The change was reportedly prompted by internal dissatisfaction with Gupta’s progress in monetizing the social network. In addition, Gupta’s move to unload more than $1 million in stock was reportedly not taken well within the company.
Investors appear happy with the change. Twitter is up 4 percent today following the announcement.