--- title: "Pinterest CEO Ben Silbermann step down and Google Commerce Executive Bill Ready to take new charge" description: "Pinterest, an Online Social Media platform says bye to its Chief Executive Officer Ben Silbermann and welcomes new CEO Bill Ready, Google's Commerce e" author: "Sanjay Goenka" published: 2022-06-29 updated: 2022-06-29 canonical: https://www.mindstick.com/news/1696/pinterest-ceo-ben-silbermann-step-down-and-google-commerce-executive-bill-ready-to-take-new-charge category: "google" tags: ["google", "technology news", "social media platform"] reading_time: 2 minutes --- # Pinterest CEO Ben Silbermann step down and Google Commerce Executive Bill Ready to take new charge **Pinterest CEO** Ben Silbermann steps down and *Google Commerce [Executive Officer](https://answers.mindstick.com/qa/38479/name-the-media-professional-who-has-been-appointed-by-the-board-of-control-for-cricket-in-india-bcci-as-its-first-chief-executive-officer)* Bill Ready will hold the new post on the giant social media platform. After coming to the [news](https://www.mindstick.com/developersection/news) the light, the company’s share reached 9 percent higher in extending trading on Tuesday. ## Highlighted Points ``` The news act as a catalyst for the company’s share and rose about 9 percent The annual salary of the new CEO Bill Ready will be $400,000 (about Rs. 3 Crore) Old CEO Silbermann said Bill is the great leader for this transition ``` Also Read: [Google Provides Online assistance with an SOS alert feature and emergency numbers in Assam Floods](https://www.mindstick.com/news/1694/google-provides-online-assistance-with-an-sos-alert-feature-and-emergency-numbers-in-assam-floods) The reins of the [social media platform](https://www.mindstick.com/articles/329860/grow-your-business-with-social-media-platforms), Pinterest will be now handled by **Bill Ready**, Google’s commerce executive officer. The news of this social media giant company sent the company’s shares by 9 percent higher in extended trading on Tuesday and underscored a shift in focus at Pinterest to an e-commerce initiative from its [advertising](https://www.mindstick.com/articles/13080/wikipedia-the-most-powerful-advertising-platform-of-the-digital-age)-based [business model](https://answers.mindstick.com/qa/115104/how-has-the-rise-of-streaming-platforms-fundamentally-changed-hollywood-s-business-model). **Ready at 42**, always worked in a senior [leadership](https://answers.mindstick.com/qa/39297/who-has-been-honored-with-the-2018-ibrahim-prize-for-achievement-in-african-leadership) role at **PayPal** and now he will lead the social media company, **Pinterest**. For the past 2 years, he has been working in commerce and payment operations at the Alphabet-owned [search engine](https://www.mindstick.com/services/search-engine-optimization) giant [Google](https://www.google.com/search?q=Google+%2B+mindstick.com&rlz=1C1GCEU_enIN821IN821&oq=Google+%2B+mindstick.com&aqs=chrome..69i57j69i64.8809j0j4&sourceid=chrome&ie=UTF-8). As the company says, **Silbermann, at 39** will now take up the newly created role of executive chairman and keep his board seat, and the company also revealed that the Reddy will also join the board. Silbermann said, “In our next chapter, we are focused on helping pinners buy, try and act on all the great ideas they see.” He also added that “Bill is a great leader for this transaction.” Also Read: [NASA's first of the three planned launches with the 'Mini Hubble' Telescope](https://www.mindstick.com/news/1693/nasa-s-first-of-the-three-planned-launches-with-the-mini-hubble-telescope) --- Original Source: https://www.mindstick.com/news/1696/pinterest-ceo-ben-silbermann-step-down-and-google-commerce-executive-bill-ready-to-take-new-charge Copyright © MindStick Software Pvt. Ltd. This Markdown version is provided for developers, AI systems, and offline reading.