Twitter COO Adam Bain calls it quits, Anthony Noto to take over

Twitter’s Chief Operating Officer Adam Bain has called it quits after a six-year stint with the micro-blogging site.

Bain joined Twitter in 2010 and has been the man in charge of the company’s entire revenue business becoming COO last year at the same time that founder Jack Dorsey was named CEO.

Bain tweeted that he’s now “ready to change gears and do something new outside the company,” while adding, “I look at what we’ve built together and how far we’ve come, and I feel like I can leave the company now in a place of strength.”

After 6 years and a once-in-a-lifetime run, I let Jack know that I am ready to change gears and do something new outside the company.

— adam bain (@adambain) November 9, 2016

CFO Anthony Noto will take over in Bain’s COO role. Noto will handle both jobs temporarily, but Twitter has already started a search to hire a new CFO to report directly to CEO Jack Dorsey. A source within the company described this search as one of Twitter’s “top priorities.”

Noto's responsibilities will include the company's live content business, ads, and data, plus global partnerships and business development.

The news comes in amidst a rough patch for Twitter, with the company laying off 9 percent of its workforce last month after failing to find a buyer.

Dorsey thanked Bain in a statement saying, "I'm grateful to Adam for everything he's done for Twitter, and for his leadership and friendship over the years. I can't wait to see what he does next!"