Twitter hires new CFO

Twitter announced on Tuesday that it would be hiring Intuit executive Ned Segal as the company’s new chief financial officer, replacing Anthony Noto, who also currently serves as the chief operating officer.

“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,” CEO Jack Dorsey said in a statement.

{mosads}“He brings a principled, engaging and rigorous approach to the CFO role, with a track record of driving profitable growth.”

Segal is a vice president of finance at Intuit’s Small Business Group. Prior to that, he was CFO at RPX, a firm that offers risk management services for patents. Segal also spent 17 years at Goldman Sachs in a variety of roles.

“Twitter has a talented management team, a unique purpose and tremendous potential,” Segal said in a statement. “I look forward to putting my background and skills to work to help the Company achieve greater results for our employees and shareholders.”

Twitter said Segal will join the company in late August.