Advertisement
Home #Hwoodtimes Pinterest pins down a new CEO: Google exec Bill Ready

Pinterest pins down a new CEO: Google exec Bill Ready

After a 12-year run, Pinterest co-founder Ben Silbermann is stepping down from his perch as CEO of the popular image and link-sharing service.

Following word of Silbermann’s departure, Pinterest’s stock price rose by more than 8% in after-hours trading. That initial pop may have been a sigh of relief from some investors, who’ve watched Pinterest’s stock steadily decline over the last year. Or, perhaps it’s a vote of confidence for Pinterest’s incoming chief executive: Google commerce boss Bill Ready.

Advertisement

In 2021, Pinterest announced a goal to steeply increase the number of women among its leadership ranks. Yet this transfer of power means another man will be in charge of a service that’s uniquely popular among women.

More on this particular man: Ready most recently oversaw Google’s shopping and payments efforts. Earlier, Ready roamed PayPal’s halls as its chief operating officer, and before that, he ran Braintree (which PayPal snapped up in 2013 for $800 million). Ready is also a board member of Williams-Sonoma (the place for looking at pricey copper pots and pans) and payroll company ADP. The incoming executive’s extensive history in payments and shopping software dovetails plainly with Pinterest’s ever-growing interest in selling stuff.

Advertisement

“In our next chapter, we are focused on helping Pinners buy, try and act on all the great ideas they see,” said Silbermann in a statement. The co-founder will stick around as Pinterest’s first executive chairman.

Curiously, PayPal was reportedly looking into buying Pinterest back in October 2021. Days later, the payments firm squashed the “rumor” in a note to investors, saying it was “not pursuing an acquisition” at that time.

Previous articleGlobal Superstar, Singer Britney Spears Visits AREA15
Next articleTHE WALT DISNEY COMPANY ANNOUNCES LINEUP OF EXCLUSIVE ACTIVATIONS AT THE 2022 ESSENCE FESTIVAL OF CULTURE™ PRESENTED BY COCA-COLA®
Valerie Milano is the well-connected Senior Editor and TV Critic at TheHollywoodTimes.today, a website that aggregates showbiz news curated for, and written by, insiders of the entertainment industry. (@HwoodTimes @TheHollywood.Times) Milano, whose extraordinary talents for networking in the famously tight-clad enclave of Hollywood have placed her at the center of the industry’s top red carpets and events since 1984, heads daily operations of a uniquely accessible, yet carefully targeted publication. For years, Milano sat on the board as a chief organizer of the Television Critics Association’s press tours, held twice a year in Beverly Hills and Pasadena. She has written for Communications Daily, Discover Hollywood, Hollywood Today, Television International, and Video Age International, and contributed to countless other magazines and digests. Valerie works closely with the Human Rights Campaign as a distinguished Fed Club Council Member. She also works with GLSEN, GLAAD, Outfest, NCLR, LAMBDA Legal, and the Desert Aids Project, in addition to donating both time and finances to high-profile nonprofits. She has been an active member of the Los Angeles Press Club for a couple of years and looks forward to the possibility of contributing to the future success of its endeavors. Milano’s passion for meeting people extends from Los Feliz to her favorite getaway, Palm Springs. There, she is a member of the Palm Springs Museum of Art and a prominent Old Las Palmas-area patron.