Last Updated on January 18, 2025 by Admin
In a significant leadership transition, Pinterest announced that co-founder and CEO Ben Silbermann is stepping down from his role, handing over the reins of the social media platform to Google commerce executive Bill Ready.
Silbermann, who co-founded Pinterest in 2010, will transition to the newly created position of Executive Chairman, where he will continue to oversee the growth and development of the app. Ready, who most recently served as Google’s President of Commerce, Payments, and Next Billion Users, will assume the role of CEO effective June 29th, 2022.
This leadership change comes as Pinterest seeks to further capitalize on its e-commerce potential. Ready’s extensive experience in the e-commerce sector, having overseen Google’s global commerce, payments, and Next Billion Users initiatives, is expected to be instrumental in driving Pinterest’s growth in this area.
Silbermann’s departure marks the end of an era for Pinterest, which has grown from a small startup into a global platform with over 430 million monthly active users. Under his leadership, Pinterest evolved from a simple image-sharing platform into a powerful discovery engine and a significant player in the e-commerce space.
Ready’s appointment is seen as a strategic move by Pinterest to accelerate its e-commerce ambitions and navigate the evolving digital landscape. His deep understanding of consumer behavior, online commerce, and digital payments is expected to be invaluable as Pinterest continues to evolve and expand its offerings.
Key Takeaways:
- Ben Silbermann, co-founder and CEO of Pinterest, is stepping down from his role.
- Bill Ready, former President of Commerce, Payments, and Next Billion Users at Google, will be the new CEO of Pinterest.
- This leadership change reflects Pinterest’s focus on expanding its e-commerce capabilities.
- Ready’s expertise in e-commerce is expected to drive Pinterest’s growth in this area.
This leadership transition marks a significant chapter in Pinterest’s journey as it continues to evolve and navigate the dynamic digital landscape.
