Elon Musk's X appointed Mahmoud Reza Banki, a former Tubi executive, as CFO to address financial challenges and declining ad revenue amidst a significant drop in value.
Banki is X's first public CFO, stepping into a role filled by other executives for the past two years since Musk purchased the platform for $44 billion.
Banki was pardoned by President Trump in January 2021 for charges related to making false statements and sanctions violations, highlighting his complex past.
The Trump administration stated that Banki's felony charges had hindered his ability to live a fulfilling life since his conviction, acknowledging his subsequent community contributions.
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