Pinterest CEO steps down, Google executive to take up job
Pinterest, Inc. by Chairman, Co-Founder, President and CEO Ben Silbermann reacts as they celebrate the IPO of Pinterest Inc. at the New York Stock Exchange (NYSE) in New York, U.S., April 18, 2019. REUTERS/Brendan McDermid
Pinterest said on Tuesday that 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.
Shares of Pinterest rose 9 per cent in extended trading.
Silbermann, who co-founded the company in 2010, will transition to the newly created role of executive chairman.
Ready served as president of Commerce, Payments & Next Billion Users at Alphabet Inc's Google and oversaw Google's vision, strategy and the delivery of its commerce products.
