The embattled on the web lender Social Finance has poached Twitter’s chief operating officer, Anthony Noto, to become its new chief executive, dealing a blow to Twitter’s turnaround campaign.
Social Finance, referred to as SoFi, announced Mr. Noto’s hiring on Tuesday, just 4 months after Mike Cagney was forced to step down as its chief executive as a result of sexual harassment claims. Mr. Cagney was accused in a lawsuit of possessing had inappropriate relationships with organization staff and questioned more than regardless of whether he had skirted danger and compliance controls.
In Mr. Noto, SoFi has selected a fast-rising executive within the tech market. Mr. Noto, 49, was one of the most respected bankers at Goldman Sachs just before becoming the chief economic officer in the National Football League and then Twitter.