Twitter Inc (NYSE:TWTR) announced that its board of directors has appointed Ned Segal as the company’s chief financial officer, effective late August 2017.
Segal will take over the CFO role from Anthony Noto, who is currently working as chief operating officer and chief financial officer of the microblogging site.
Noto will continue to serve as chief operating officer, Twitter said in a regulatory filing.
Segal, 43, has served as senior vice president of finance of Intuit, where he most recently led financial and strategic planning for the small business group.
From April 2013 until January 2015, Segal served as chief financial officer of RPX Corporation, a publicly-traded patent risk management solutions company. He previously held various positions at Goldman Sachs & Co. from 1996 to April 2013, most recently as Managing director, head of global software investment banking from 2009-2013.
Segal will receive an annual salary of $500,000, according to the filing.
Twitter Inc (NYSE:TWTR) will also award Segal about $22 million in stock. He will also receive a signing bonus of $300,000.
Meanwhile, shares of Twitter were trading up 3.10% on Tuesday. The stock is up more than 14% so far this year. During the last 12 months, the share price of the microblogging site has gained just over 3%.