Pinterest Inc (NYSE:PINS) shares are soaring in the post-market session on the appointment of online commerce expert Bill Ready as the Chief Executive Officer and a member of the Board of Directors, effective June 29, 2022.
Ben Silbermann, co-founder, Chief Executive Officer, and President, will be transitioning to the newly created role of Executive Chairman.
Mr. Ready joins Pinterest from Alphabet Inc’s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google, where he served as President of Commerce, Payments & Next Billion Users. Before Google, he has served in various senior leadership roles at PayPal (NASDAQ:PYPL).
“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,” commented Ben Silbermann.
Price Action: PINS shares are trading higher by 7.82% at $21.24 during the post-market session on Tuesday.
