On the morning of June 29, it was reported that Ben Silbermann, co-founder and CEO of American social photo sharing site Pinterest, will hand over the company’s leadership to Google and PayPal veteran Bill Ready. ), indicating that the company will pay more attention to the development of e-commerce.
Pinterest said in an announcement Tuesday that Silberman, 39, will transition to the newly created executive chairman role and will retain a seat on the board. Leddy will also join the company’s board of directors.
The adjustment marks the end of Pinterest’s decade-long “Silberman era.” During this period, the company has surpassed 430 million users and has generated more than $2.5 billion in annual revenue. The service has also been expanding its e-commerce business in recent years to help advertisers and retailers sell directly through the service.
Ledy’s appointment also fits that goal. For the past two years, he has been responsible for leading Google’s commerce and payments businesses. Leddy, 42, also worked for several years at payments company PayPal.
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