LinkedIn CEO Jeff Weiner to Step Down on June 1 After 11 Years
LinkedIn CEO Jeff Weiner is stepping down as head of the professional networking platform after 11 years in the role. He leaves on June 1, 2020 and will become executive chairman, according to a statement by the company. Ryan Roslansky, currently senior vice president of product, will succeed Weiner as chief executive. He will join Microsoft’s senior leadership team and report to chief executive Satya Nadella.
The executive changes are the only significant leadership reshuffling at LinkedIn since the company was acquired by Microsof for $26 billion in 2016.
Both Weiner and Rolansky are long-time LinkedIn executives. Weiner was brought in by LinkedIn founder Reid Hoffman in 2008, and he hired Rolansky later that year. Under Weiner’s leadership, the company’s user base grew from 33 million to nearly 675 million members and revenue increased from $78 million to more than $7.5 billion in the trailing 12 months. He also led the company through its initial public offering in 2011 at a valuation of $4.5 billion and the Microsoft acquisition five years later.
Rolansky has played leadership roles in every part of the company’s business, from developing LinkedIn’s Influencer program and publishing platform to being a key architect in reshaping LinkedIn's consumer and enterprise applications into a single ecosystem.
Tomer Cohen, currently vice president of LinkedIn Marketing Solutions and an 8-year veteran of the company, will succeed Rolansky as head of product effective June 1.