Twitter just lost another key executive

Yet another key Twitter executive has left as the company struggles to make money and innovate its core product.

Twitter’s vice president of global sales, Richard Alfonsi, announced on Friday that he is joining payments startup Stripe. Alfonsi worked at Twitter for four and a half years and was responsible for growing the company’s ad business, according to his LinkedIn.

“We want to thank Richard for his dedication to Twitter and his many contributions over the past 4.5 years,” a Twitter spokesman told Business Insider. “We wish him continued success in his new venture.”

Alfonsi’s departure comes less than a month after longtime Twitter COO Adam Bain abruptly stepped down. Twitter promoted CFO Anthony Noto to Bain’s position and is currently seeking a new CFO while Noto fills both roles.

Visit Markets Insider for constantly updated market quotes for individual stocks, ETFs, indices, commodities and currencies traded around the world. Go Now!

NOW WATCH: ‘Vote from home’ Twitter ads try to trick people into believing they can vote by text

NOW WATCH: Tech Insider videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.