TechCrunch: Pinterest Elects Google Exec, Bill Ready, as New CEO
(Image Source: Business Insider)
Pinterest co-founder and Chief Executive Officer Ben Silbermann is handing the reins to Google executive, Bill Ready. The appointment of Bill brings to an end Silbermann's 12-year tenure as CEO, who will now assume a newly created role of executive chairman and keep his board seat.
The popular image and link-sharing platform has grown rapidly since its early start in 2010 and boasts a strong consumer base of more than 430 million monthly active users. With Bill’s vast experience in commerce as he led Google’s shopping and payments efforts, it greatly complements Pinterest’s shift in focus towards social commerce from its advertising-based business model.
When asked about the new leadership appointment, former Pinterest CEO and co-founder Ben Silbermann stated, “In our next chapter, we are focused on helping Pinners buy, try and act on all the great ideas they see". "Bill is a great leader for this transition," he added.
Source: Pinterest pins down a new CEO: Google exec Bill Ready
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