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29 Jun 2022

Google executive to take over as a new CEO of Pinterest

The Index Today

Long-time Chief Executive Officer Ben Silbermann of Pinterest would step down, handing over the reins of the social media platform to Google commerce executive Bill Ready.

Pinterest has seen rapid growth since the appointment of Silberman in 2010, which began when he co-founded the company.

Silbermann, 39, will take up the newly created role of executive chairman and keep his board seat, while Ready will also join the board, the company said.

Ready will receive an annual salary of $400,000 and be eligible for a stock option award to buy about 8.6 million Class A shares

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