LinkedIn CEO Jeff Weiner is stepping down.
LinkedIn CEO Jeff Weiner announced his plans to step down from the company in a blog post titled “It’s Time For My Next Play”.
He is set to become LinkedIn’s executive chairman while Ryan Roslansky, a senior vice president of product at the Microsoft-owned company, is set to become CEO on June 1, 2020. He will report to Microsoft CEO Satya Nadella, just like Weiner currently does, as Microsoft owns LinkedIn.
“There is no individual who has had more influence on my tenure as CEO than Reid,” Weiner wrote. “Despite his various interests outside of the company, LinkedIn has always been his top priority. Whether as a representative of LinkedIn at the highest levels, product visionary, business strategist, mentor, or advisor, his contributions have been invaluable, and LinkedIn obviously wouldn’t be where it is today without him. As LinkedIn’s new Executive Chairman, I hope to serve in much the same way.”
Through a statement, the company added: “These changes will enable LinkedIn to continue to focus on realizing our vision and mission of connecting the world’s professionals to make them more productive and successful.”
Under Weiner’s reign, according to Observer, a job he took on in 2008, Microsoft’s made a $26 billion purchase of LinkedIn in 2016 and passed the $1 billion valuation mark for the first time. The company went public in 2011 and generated $7.5 billion revenue in the past year.
LinkedIn now has 16,000 employees and nearly 675 million members. The company went public in 2011 and generated $7.5 billion revenue in the past year.
