Twitter Appoints Intuit Executive Ned Segal As Its New CFO

By Caitlin Huston Markets MarketWatch Pulse

Twitter Inc. announced Intuit executive Ned Segal as its chief financial officer Tuesday. Segal will be taking over in late August from Anthony Noto, who had been working as Twitter's chief financial officer as well as its chief operating officer. Noto will remain with Twitter as its chief operating officer. Segal was most recently senior vice president of finance for the small business group at Intuit Inc. Before that, he was the CFO at RPX, a patent risk management solutions company. "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," Segal said in the press release. Segal will receive an annual salary of $500,000 as well as close to 800,000 restricted stock units over four years and close to 400,000 performance-based restricted stock units. Alongside the COO appointment, Twitter announced that it would release its second-quarter earnings on July 27 before the market opens. Shares of Twitter were up 0.5% in after hours trading. Twitter shares have gained 30% in the past three months, compared to the S&P 500's gain of 3%.

Continue Reading Below

Copyright © 2017 MarketWatch, Inc.