SAN FRANCISCO, July 11, 2017 /PRNewswire/ -- Twitter, Inc.
(NYSE: TWTR) today announced the appointment of Ned Segal as Chief Financial Officer (CFO),
effective in late August. Mr. Segal will assume the CFO role from
Anthony Noto, Twitter's Chief
Operating Officer and Chief Financial Officer. Mr. Noto will
continue to serve as Twitter's Chief Operating Officer, the
position he assumed in November
2016.
Mr. 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 Inuit, Mr. Segal served as CFO of RPX
Corporation, a public patent risk management solutions company, and
for many years at Goldman Sachs in numerous roles around the
technology capital markets, most recently as Managing Director and
Head of Global Software Investment Banking. Mr. Segal began his
career at Goldman Sachs in Equity Research Sales, where he focused
on technology companies and worked with many of the most renowned
technology investors.
"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," said Jack Dorsey, Chief Executive Officer of Twitter.
"He brings a principled, engaging and rigorous approach to the CFO
role, with a track record of driving profitable growth."
"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," said Mr. Segal.
"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, Mr. Segal will report directly to Mr. 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.
The Company noted that Mr. Segal's appointment as CFO is
unrelated to financial expectations provided in its Q1'17
shareholder letter issued on April 26,
2017. Twitter will release financial results for the second
quarter of 2017 on July 27, 2017,
before the market open at approximately 4:00
a.m. Pacific Time (7:00 a.m. Eastern
Time). On the same day, Twitter will host a conference call
to discuss these financial results at 5:00
a.m. Pacific Time (8:00 a.m. Eastern
Time). To listen to a live audio webcast, please visit the
company's Investor Relations page at investor.twitterinc.com.
About Ned Segal
Ned Segal most recently has served
as Senior Vice President of Finance for Intuit's Small Business
Group. As finance lead for Intuit's $2.5
billion division that delivers QuickBooks, Payments, and
Payroll to millions of small businesses and self-employed customers
in the U.S. and seven other countries, he was responsible for the
division's financial and strategic planning. Before joining
Intuit, Mr. Segal served as Chief Financial Officer of RPX, the
leader in patent risk management solutions to technology companies
around the world. In this role he was responsible for forecasting
and planning, accounting, investor relations, and other financial,
strategic and operational matters. Prior to RPX, he spent 17
years at Goldman Sachs, initially serving in equity research sales
from 1996 to 2004. Mr. Segal transitioned to Goldman Sachs'
Technology, Media, and Telecom Investment Banking Group in 2005,
and from 2009 to 2013 served as Managing Director, Head of Global
Software Investment Banking. In this capacity, he advised
technology companies from around the world on mergers,
acquisitions, IPOs, and other equity and debt financings, and led
Goldman Sachs' investments in multiple technology companies.
Mr. Segal received his B.S. from Georgetown University and currently serves as a
Trustee of Town School for Boys and a Board Member of the
Georgetown Technology Alliance.
About Twitter, Inc.
Twitter, Inc. (NYSE: TWTR) is
what's happening in the world and what people are talking about
right now. On Twitter, live comes to life as conversations unfold,
showing you all sides of the story. From breaking news and
entertainment to sports, politics and everyday interests, when
things happen in the world, they happen first on Twitter. Twitter
is available in more than 40 languages around the world. The
service can be accessed at twitter.com, on a variety of mobile
devices and via SMS. For more information, visit about.twitter.com
or follow @twitter. For information on how to download the Twitter
and Periscope apps, visit twitter.com/download and
periscope.tv.
Contacts
Investors:
Cherryl Valenzuela
ir@twitter.com
Press:
Kristin
Binns
press@twitter.com
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SOURCE Twitter, Inc.