Pinterest appoints new CEO as President steps down

Pinterest has announced that its Co-founder, CEO and President Ben Silbermann will transition to the newly created role of Executive Chairman. Bill Ready will succeed Silbermann in the role of CEO, effective today, 29 June 2022.

Ready joins Pinterest from Google, where he served as President of Commerce, Payments & Next Billion Users. Prior to this, Ready served in various senior leadership roles at PayPal, including Executive Vice President and Chief Operating Officer.

The announcement follows Pinterest's recent acquisition of The Yes, an AI-powered shopping service focused on fashion.

Ben Silbermann, Executive Chairman of Pinterest, said: “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 is a builder who deeply understands commerce and payments. And he shares our passion for creating a positive corner of the Internet. I’m confident he’s going to be an outstanding CEO.”

Bill Ready, newly appointed CEO of Pinterest, added: “I am excited to build on that foundation to further scale the company’s ecosystem and drive increased value for shareholders. Having built multiple businesses from zero and operated at the scale of billions of users, I have a deep appreciation for what it takes to scale a business like this to the next level. I look forward to working closely with the leadership team to capitalise on the many opportunities ahead and usher in Pinterest’s next chapter of growth and success.”