SoFi Names Anthony Noto Chief Executive Officer

SoFi announced that its Board of Directors has named Anthony Noto as CEO and director, effective March 1. Noto is joining from Twitter, where he served as COO since November 2016. He will be replacing interim CEO Tom Hutton. Yes, XL Innovate’s Tom Hutton.

This too is Noto:

Twitter COO, Anthony Noto, shares why he is so bullish on Twitter’s Future with Publicis Media CEO, Tim Jones. “If you want to know what’s next, you turn to Twitter, it’s what’s happening now and it’s what’s happening next”. #CES2018 pic.twitter.com/2662evxpA7

— Lou Paskalis 🇺🇦🇺🇸🇮🇱 (@LouPas) January 9, 2018

“We are simply thrilled to have found someone of Anthony’s expertise and knowledge to lead SoFi. The SoFi board unanimously agrees that Anthony’s deep understanding of technology, consumer, and financial businesses make him the perfect fit to be SoFi’s CEO. We could not be more excited to have someone of his caliber on board” – Hutton.

“SoFi has a significant opportunity to build on its leadership position in student and personal loans to revolutionize consumer finance and build a next-generation financial services company” – Noto.

Refresher: Hutton was named interim CEO in September 2017 after founder and CEO Michael Cagney cited a combo of HR-related litigation and negative press as the reason behind his departure.

This too is SoFi:

Love the Sofi commercials. “Take on your debt by applying for a new loan”

— Josh Boeldt (@JoshBoeldt) October 28, 2017