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Pinterest CEO Silbermann Steps Down; Google’s Executive to Take Job

  • Company says new CEO will push strategy to expand e-commerce
  • Site struggling to maintain user growth from the pandemic
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Pinterest Names Google's Bill Ready as CEO
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Pinterest Inc. co-founder and Chief Executive Officer Ben Silbermann is handing the reins to Google and PayPal Inc. veteran Bill Ready in a sign the social-media company will focus more on e-commerce.

Silbermann, 39, will move to a newly created role as executive chairman and will retain his board seat, the San Francisco-based search-and-discovery platform said Tuesday in a statement. Ready will also join the company’s board.