After 11 years at the helm of LinkedIn, Jeff Weiner will step down as CEO and be replaced by Ryan Roslansky, LinkedIn’s current head of product.
Weiner, who took over as CEO in 2009 after joining from Yahoo, steered the social platform through its $27 billion acquisition by Microsoft in 2017. In an email to staff, Weiner announced he will stay on as executive chairman of the company, the same position founder and former CEO Reid Hoffman occupied from 2009 to 2016.
In the email, Weiner said he felt comfortable leaving the job because he felt the “business has never been better, our culture has never been stronger, and our future has never been clearer.”
“Despite now reaching over 675 [million] members, employing over 16,000 people and generating $7.5 [billion] in revenue, in many respects it feels like LinkedIn is just getting started,” he added.
Weiner said Roslansky was his first hire at LinkedIn in 2008. In his own LinkedIn post announcing the news, the incoming CEO described in broad strokes the company’s maturation from a virtual resume service to a full-blown social network. “We’ve taken the world’s most powerful way for professionals to stay connected and made it the most trusted place for professional conversations,” he said.
The company said in statement that Roslansky “championed” the acquisition of educational video company Lynda.com (now LinkedIn Learning), which LinkedIn bought for $1.5 billion in 2015 prior to the Microsoft sale.
Weiner declined to comment via a spokesperson. Roslansky did not respond to a separate request for comment.
The changing of the guard is set for June 1, when Weiner will step down, Roslansky will become CEO and current vp of product Tomer Cohen will step in to lead the product team.