Banki has experience as a CFO in streaming services, an area where X may look to expand as its user base is expected to grow after President-elect Donald Trump's victory.

X has been trying to attract advertisers amid growing competition for ad dollars from social media firms including Facebook-parent Meta Platforms.

Elon Musk's X Corp has tapped former Tubi executive Mahmoud Reza Banki as chief financial officer, in one of the social media platform's biggest hires as its billionaire owner shifts focus to a role aimed at making the government more efficient.

Elon Musk’s X Corp. named Mahmoud Reza Banki chief financial officer, filling out the executive ranks at his social media site as his attention shifts to cutting U.S. government spending for the incoming Trump administration.