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.
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