Twitter, Inc announced the appointment of Ned Segal as Chief Financial Officer, effective in late August. Segal will assume the CFO role from Anthony Noto, Twitter’s Chief Operating Officer and current CFO. Noto will continue to serve as Twitter’s Chief Operating Officer, the position he assumed in November 2016.
Segal brings to Twitter more than 20 years of finance and capital markets experience, an extensive background in financial planning and operations, management and strategy, and a deep knowledge of the technology industry. He most recently served as Senior Vice President of Finance for the Small Business Group at Intuit Inc., where he led financial and strategic planning for the company’s $2.5 billion division that delivers QuickBooks, Payments, and Payroll to millions of customers. Prior to his role at Intuit, Segal served as CFO of RPX Corporation, a public patent risk management solutions company, and also worked at Goldman Sachs in numerous roles around the technology capital markets, most recently as Managing Director and Head of Global Software Investment Banking. Segal began his career at Goldman Sachs in Equity Research Sales, where he focused on technology companies and worked with many renowned technology investors.
Jack Dorsey, Chief Executive Officer of Twitter, said, “Ned’s experience in financial operations as a public company and business unit CFO, along with his background serving technology companies and investors, are an ideal fit for Twitter as we work to extend our positive momentum, continue growing our audience and achieve greater operating efficiency. He brings a principled, engaging and rigorous approach to the CFO role, with a track record of driving profitable growth.”
Segal said, “I’ve long admired Twitter’s impact in the world, and I’m committed to helping the Company build on its recent momentum, allocate resources against its greatest priorities, and continue toward its goal of GAAP profitability and beyond. Twitter has a talented management team, a unique purpose and tremendous potential. I look forward to putting my background and skills to work to help the Company achieve greater results for our employees and shareholders.”
As CFO, Segal will report directly to Dorsey and will oversee Twitter’s finance, accounting, corporate development, corporate security, financial planning & analysis (FP&A), investor relations, real estate & workplace, internal audit, tax and treasury areas of the business.