Twitter has poached former Goldman Sachs banker Anthony Noto to become its chief financial officer, as the microblogging site seeks to jump start its slowing growth rate.
Noto has a reputation for being a top deal-maker in the tech sector at Goldman Sachs and led Twitter's initial public offering in November last year.
The 46-year old Noto will be paid $250,000 a year, according to regulatory filings, and is set to receive one-time grants of 1.5 million restricted stock units and 500,000 stock options, vesting over four years.
Noto later tweeted: "I could not be more excited about joining the @Twitter team & helping them reach every person in the world."
The move comes after former chief operating officer Ali Rowghani resigned last month amid criticism that he failed to put in a place a solid growth strategy at the social network with shares on the slide.
Noto will replace current chief financial officer Mike Gupta, who will become senior vice president of strategic investments, overseeing a new division. They'll take up their new roles within the next 30 days, Twitter said in a statement on Tuesday morning.