Silbermann

Ben Silbermann, cofounder and longtime CEO of Pinterest, announced Tuesday he is stepping down as the leader of the social media site.Starting Wednesday, Bill Ready, who formerly ran Google’s e-commerce business, will assume the CEO role, as Silbermann transitions into the newly created position of executive chairman.Silbermann was responsible for much of Pinterest’s growth, helping to expand the site to 400 million monthly active users. During the pandemic, it saw a tremendous surge in interest. and its stock soared…

Pinterest Inc. said long-time Chief Executive Officer Ben Silbermann would step down, handing over the reins of the social media platform to Google commerce executive Bill Ready. The news sent the company's shares 9 percent higher in extended trading and underscored a shift in focus at Pinterest to e-commerce initiatives from its advertising-based business model. In Ready, 42, the company gets an executive who for the past two years ran commerce and payment operations at the Alphabet Inc-owned search giant. Ready has also…

Pinterest said long-time Chief Executive Officer Ben Silbermann would step down, handing over the reins of the social media platform to Google commerce executive Bill Ready.The news sent the company's shares 9 percent higher in extended trading on Tuesday and underscored a shift in focus at Pinterest to e-commerce initiatives from its advertising-based business model.In Ready, 42, the company gets an executive who for the past two years ran commerce and payment operations at the Alphabet-owned search giant Google. Ready…

Ben Silbermann is stepping down as Pinterest’s CEO, the company announced on Tuesday. He’ll be replaced by Bill Ready, who has spent the last couple of years as head of Commerce, Payments & Next Billion Users at Google. Silbermann isn’t leaving the company, though: he’ll be Pinterest’s executive chairman, following in the path of a number of tech CEOs who have recently gone from the daily trenches of running their company to a relatively more relaxed seat in the boardroom. “Bill’s actually going to be a better CEO…