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Pinterest Picks Bill Ready As CEO, Ben Silbermann Transitions to Executive Chairman

Meanwhile, Ben Silbermann, former CEO, will transition to the newly created role of Executive Chairman

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Pinterest Inc has announced Bill Ready as its new Chief Executive Officer and a member of the Board of Directors, effective June 29, 2022. Meanwhile, Ben Silbermann will transition to the newly created role of Executive Chairman.

Bill Ready is joining Pinterest from Google as the company’s new CEO. In his previous role, Bill served Google as President of Commerce, Payments & Next Billion Users and oversaw Google’s vision, strategy and the delivery of its commerce products. Prior to Google, Ready served in various senior leadership roles at PayPal, including Executive Vice President and Chief Operating Officer.

“There’s no better time to join Pinterest,” said Bill Ready. “I have long admired the brand and platform that Ben and the Pinterest team have created and everything the Company stands for. I am excited to build on that foundation to further scale the Company’s ecosystem and drive increased value for shareholders”.

Prior to Google, Ready was Executive Vice President and Chief Operating Officer of PayPal and Chief Executive Officer of Braintree and Venmo. Ready also serves as a director on the Board of Directors for Williams-Sonoma and ADP. He holds a Bachelor of Science in Information Systems and Finance from University of Louisville and a Master of Business Administration from Harvard Business School.

With over 400 million monthly active users, Pinterest has built a healthy advertising business that generated strong cash flow and doubled revenue during the pandemic. In addition, Pinterest has been laser-focused on putting Pinners first, continuously improving its roadmap, investing in creators, shopping and scaling internationally.

“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”, said Ben Silbermann.

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