Jeff Weiner formally steps down as LinkedIn's CEO this summer

February 6, 2020
Share this Post: 

Long-time LinkedIn CEO Jeff Weiner recently posted a blog entitled "It's Time For My Next Play" to the astonishment of many users - an announcement that his 11-year stint as Chief Executive would be coming to an end on June 1st, 2020.

Weiner will be replaced by LinkedIn’s current global head of product, Ryan Roslansky, as he retreats behind the scenes to serve as the company’s executive chairman, a role held by LinkedIn founder Reid Hoffman since Weiner was appointed CEO. Roslansky’s top lieutenant on the product team, Tomer Cohen, will be promoted to head of product.

Weiner took the helm of LinkedIn in 2008 when the company passed the $1 billion valuation mark for the first time.

Under Weiner’s reign, LinkedIn doubled its private-market valuation within two years through several rounds of venture capital funding and went public in 2011. In 2017, Microsoft bought the company for $27 billion in an all-cash deal, the largest acquisition in Microsoft’s history. Today, LinkedIn has over 675 million users globally and generate $7.5 billion in annual revenue.

Read more here.

February 6, 2020

Subscribe to our mailing list to get news updates!

Enter your email address and get updates from Online Marketplaces.

Related News

Adevinta Ebay Final
Timeline of The Adevinta - eBay Classifieds Deal

On Friday, Adevinta announced that its deal to acquire eBay's Classifieds division is finally complete. It's been almost a year...

Read More
Best And Worst June
The Best (and Worst) Portal Content From Around the World: June

Here we go again with another lighthearted look at the content being produced, endorsed or syndicated by property portal companies...

Read More
Rea Pg Deepdive
The REA Group - PropertyGuru Deal: An Online Marketplaces Deep Dive

The news that PropertyGuru has reached an agreement with REA Group to acquire the Australian portal giant’s assets in Malaysia...

Read More
Nyc Portal Wars 1
Battle Lines Drawn in New York Portal Wars as CoStar Circles around Zillow Dominated Market

For a while now it has been no secret that the American commercial real estate giant CoStar is coming for...

Read More

Popular News