clearn.png
Sunday April 5th, 2020 5:43AM

LinkedIn CEO steps aside after 11 years, says time is right

By The Associated Press
Related Articles
  Contact Editor

NEW YORK (AP) — The LinkedIn professional networking service is getting a new CEO.

Jeff Weiner will become executive chairman after 11 years as chief of the Microsoft-owned business. Ryan Roslansky, senior vice president of product, will become CEO as of June 1.

Weiner said the timing felt right personally and professionally, with a ready successor.

Roslansky said LinkedIn's priority of serving the world's professionals isn't going to change.

LinkedIn is a social network for workers and job seekers. Recruiters use it to find new hires. Users can share their resumes, search for jobs and catch up on career advice and the latest news. The basic version is free, though LinkedIn charges to get additional features.

Weiner said he sees his new role as similar to how LinkedIn founder Reid Hoffman helped him.

"He was there to help ensure that I was going to be successful," Weiner said in a video posted by LinkedIn. "So I'd like to replicate this process."

Weiner said he would still be available to represent the company and help with product or strategy reviews.

The service has about 675 million members, compared with 33 million when Weiner joined LinkedIn as CEO in 2008.

Microsoft bought the company for $26 billion in 2016, making it the Redmond, Washington, company's largest acquisition. LinkedIn’s annual revenue was $6.8 billion in the fiscal year that ended in June, up 28% from the previous fiscal year. That was 5.4% of Microsoft's total revenue.

Roslansky has been at LinkedIn for more than 10 years. He will report to Microsoft CEO Satya Nadella and join Microsoft's senior leadership team.

  • Associated Categories: Associated Press (AP), AP Business, AP Business - Careers, AP Technology News
© Copyright 2020 AccessWDUN.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
US stocks extend rally as companies report solid earnings
Stocks are extending their rally on Wall Street as investors assess the latest batch of solid corporate earnings reports and set aside fears about economic fallout from the virus outbreak that originated in China
11:51AM ( 15 minutes ago )
The Latest: Democrats take turns at youth climate forum
Democratic presidential candidates are answering questions about climate change and clean energy at a youth forum in New Hampshire
11:49AM ( 16 minutes ago )
Merck to spin off assets with $6.5B in sales; 4Q profit up
Drugmaker Merck beat Wall Street's fourth-quarter profit expectations
11:41AM ( 24 minutes ago )
Associated Press (AP)
GM churns out profit in 2019 despite strike, slumping sales
General Motors made money last year despite a 40-day strike by factory workers and slumping sales in the U.S. and China
11:17AM ( 48 minutes ago )
Japan quarantines cruise ship as toll of new virus grows
Gloved and masked health workers in Japan have led people infected with a new virus off a cruise ship, while the rest of the 3,700 people on board face a two-week quarantine in their cabins
11:04AM ( 1 hour ago )
The Latest: WHO seeks $675M to fight new virus
The director-general of the World Health Organization is asking for $675 million to help countries address the expected spread of the new virus that emerged in China
10:58AM ( 1 hour ago )
AP Business
2 leaders of Democratic convention host committee fired
The two leaders of Milwaukee's host committee for the 2020 Democratic National Convention have been fired amid allegations that they oversaw a toxic work environment
11:21PM ( 12 hours ago )
On eve of impeachment verdict, Trump tees up State of Union
President Donald Trump will deliver his State of the Union address Tuesday night on the eve of his likely impeachment acquittal and in the aftermath of the chaotic first votes of the race to replace him
8:59PM ( 15 hours ago )
Democratic convention host committee leaders put on leave
The two leaders of Milwaukee's host committee for the 2020 Democratic National Convention have been placed on leave pending an investigation into allegations that they oversaw a toxic work environment
4:03PM ( 20 hours ago )
AP Business - Careers
Online conspiracy theories flourish after Iowa caucus fiasco
Monday night was a win for online troublemakers who have spent years promoting false or misleading conspiracy theories on the internet that the U.S. election is rigged or vulnerable to tampering
12:17AM ( 11 hours ago )
Disney Plus hits nearly 29M subscribers in 3 months
The Disney Plus streaming service reached nearly 29 million paid subscribers in less than three months
6:25PM ( 17 hours ago )
Avalanche of issues takes out Iowa plan for high-tech caucus
The Iowa Democratic Party’s deployment of a smartphone app to speed up the process of reporting results at Monday’s caucuses was tainted by secrecy, insufficient training, user error and technical glitches
6:08PM ( 17 hours ago )
AP Technology News
US stocks extend rally as companies report solid earnings
Stocks are extending their rally on Wall Street as investors assess the latest batch of solid corporate earnings reports and set aside fears about economic fallout from the virus outbreak that originated in China
11:51AM ( 15 minutes ago )
The Latest: Democrats take turns at youth climate forum
Democratic presidential candidates are answering questions about climate change and clean energy at a youth forum in New Hampshire
11:49AM ( 17 minutes ago )
Merck to spin off assets with $6.5B in sales; 4Q profit up
Drugmaker Merck beat Wall Street's fourth-quarter profit expectations
11:41AM ( 24 minutes ago )
Former missionary to lead Brazil's isolated indigenous body
Brazil says it has picked a former evangelical missionary to head a body assigned to protect indigenous tribes, raising concerns among human rights activists about the tribes' health and cultural identity
11:27AM ( 38 minutes ago )
Trump, Venezuelan opposition leader Guaidó to meet Wednesday
Venezuelan opposition leader Juan Guaidó is getting his long-sought meeting with President Donald Trump
11:25AM ( 41 minutes ago )