10 Things You Need to Know About Mahmoud Reza Banki, X Corp’s New CFO

Introduction

Mahmoud Reza Banki has been appointed as the new Chief Financial Officer (CFO) of X Corp, the social media giant formerly known as Twitter. With a diverse background in finance, biotechnology, and management consulting, Banki brings extensive expertise to the role. Here’s everything you need to know:

1. Background and Education

Banki was born in Tehran, Iran, and immigrated to the U.S. as a teenager. He holds a PhD in chemical engineering from Princeton University and an MBA from UCLA Anderson School of Management.

2. A Career in Finance and Strategy

Before joining X Corp, Banki served as CFO and Chief Strategy Officer at Tubi, a leading streaming platform, where he was instrumental in driving growth and operational efficiency.

3. Legal Challenges and Triumph

In 2010, Banki was arrested and charged with violating U.S. sanctions on Iran due to receiving family remittances. However, his conviction was overturned on appeal, highlighting flaws in the sanctions enforcement process.

4. Presidential Pardon

On January 20, 2021, Banki received a full pardon from then-President Donald Trump, clearing his record and enabling him to continue his professional pursuits.