Pinterest jumps 10% after hours as Google's Ready takes over CEO post
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Pinterest stock (NYSE:PINS) is jumping after hours, +9.9%, on news that co-founder/CEO Ben Silbermann is stepping back from that role to transition to executive chairman of the board.
He's being replaced at the helm by Bill Ready, who's been president of commerce at Google (NASDAQ:GOOG) (NASDAQ:GOOGL) since 2020 and was formerly operating chief at PayPal and CEO of Venmo.

Ready also joins the board of directors. The moves are effective tomorrow.
âIn our next chapter, we are focused on helping Pinners buy, try and act on all the great ideas they see," Silbermann said. "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. Iâm confident heâs going to be an outstanding CEO.â
The decision was "what I think is best for Pinterest," Silbermann told
The Wall Street Journal.