"Bill is a great leader for this transition," he added. "In our next chapter, we are focused on helping Pinners buy, try and act on all the great ideas they see," Silbermann 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. Log in OR Continue with Facebook By continuing, you agree to Pinterests Terms of Service and acknowledge youve read our Privacy Policy. 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. Pinterest has grown rapidly since then and now has more than 430 million monthly active users. You have the option of signing up with an email address and password or signing up through your Facebook or Google account. His appointment brings to an end Silbermann's 12-year tenure as CEO, which began when he co-founded the company in 2010. Log out when you are not using Pinterest to keep your account secure. Ready has also held senior leadership roles at PayPal (PYPL.O). Log in to Pinterest to see, save, and search for Pins. In Ready, 42, the company gets an executive who for the past two years ran commerce and payment operations at the Alphabet Inc-owned (GOOGL.O) search giant. Pinterest Canada (pinterestcanada) - Profile Pinterest Pinterest Canada pinterestcanada Good ideas start here. The news sent the company's shares 9% higher in extended trading on Tuesday and underscored a shift in focus at Pinterest to e-commerce initiatives from its advertising-based business model. On Pinterest, the possibilities are endless: Design your outdoor oasis. You can: - Discover new ideas - Save what inspires you - Shop based on your taste - Watch and learn Explore billions of ideas to turn your dreams into reality. Around 2020, Pinterest was thought to flood search results in Google Images. Pinterest is the place to explore inspiration. June 28 (Reuters) - Pinterest Inc (PINS.N) said long-time Chief Executive Officer Ben Silbermann would step down, handing over the reins of the social media platform to Google commerce executive Bill Ready. As of July 2020, there were over 400 million monthly active users.
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