One of Twitter’s top ad-sales bosses is leaving for a big job at Stripe

LinkedIn

A few weeks after Twitter COO Adam Bain announced he was leaving the social network, one of his top two sales leaders has done the same.

Richard Alfonsi, who oversees Twitter’s sales efforts for all but its largest brand advertisers, is leaving for a role as head of global revenue and growth at Stripe. Translation: He’ll oversee Stripe’s sales team and report to a former colleague from Google, Stripe COO Claire Hughes Johnson.

Stripe, now valued at $9 billion, has historically been an engineering-led company, but has expanded its sales team in recent years as it has courted larger retail companies as customers. And it looks like that’s what Stripe CEO Patrick Collison expects Alfonsi to help with.

It’s a tough loss for Twitter, though, especially given Bain’s departure. Twitter has not consistently met Wall Street’s revenue targets this year and is in the process of restructuring its sales team following a recent round of layoffs. Losing Alfonsi and Bain at basically the same time won’t help (but then again, that’s why they call it a restructuring).

Matt Derella, who used to handle all of Twitter’s largest brand advertisers, oversees all Twitter sales teams as VP of sales. He reports up to CFO-turned-COO Anthony Noto.

Additional reporting by Kurt Wagner

This article originally appeared on Recode.net.

We're here to shed some clarity

One of our core beliefs here at Vox is that everyone needs and deserves access to the information that helps them understand the world, regardless of whether they can pay for a subscription. With the 2024 election on the horizon, more people are turning to us for clear and balanced explanations of the issues and policies at stake. We’re so grateful that we’re on track to hit 85,000 contributions to the Vox Contributions program before the end of the year, which in turn helps us keep this work free. We need to add 2,500 contributions this month to hit that goal. Will you make a contribution today to help us hit this goal and support our policy coverage? Any amount helps.

One-Time Monthly Annual

$5/month

$10/month

$25/month

$50/month

Other

$

Yes, I'll give $5/month

Yes, I'll give $5/month

We accept credit card, Apple Pay, and Google Pay. You can also contribute via