Read the following paragraph and determine if the hypothesis is true:

Stefano Falconi, director of finance at the Massachusetts Institute of Technology (MIT), has joined Carnegie Mellon as its vice president for administration and chief financial officer. Falconi succeeds Jeff Bolton, who left the university last July to become chief financial officer at the Mayo Foundation in Rochester, Minn.

Hypothesis: Falconi was never good at finance that is why he never gets promoted. 