Tech

Twitter executive poached by Pinterest

Published

8 years ago

October 5, 2016

Pinterest is fueling speculation over a possible IPO having appointed its first chief financial officer. Todd Morgenfeld — whose previous position was VP of finance at Twitter — has nabbed the role, the company announced on Tuesday.

Morgenfeld has a background in the tech investment sector, having served at private equity firm Silver Lake for nine years, and before that as an investment banker in the technology, media, and telecommunications group at Goldman Sachs.

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“We are excited that Todd is joining Pinterest as CFO,” CEO Ben Silbermann said in a statement. “Todd brings to the company a wide range of experience from HP to the military to a fast paced environment like Twitter. He believes in our mission and the strong business opportunity it presents. We are committed to building our company for the long term and thrilled that Todd will be an integral part of continuing this growth.”

Seeing as Morgenfeld is the first individual to be named CFO at Pinterest, talk regarding a possible IPO was bound to follow. For its part, Pinterest has kept quiet on any plans to go public, instead directing the conversation toward its main goal of building a sustainable revenue model.

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