Pinterest welcomes Bill Ready to its Board of Directors as CEO alongside co-founder Ben Silbermann stepping to Executive Chairman

– USA, CA –  Pinterest, Inc. (NYSE: PINS) today announced the appointment of Bill Ready to its Board of Directors as CEO, effective June 29, 2022, succeeding co-founder Ben Silbermann who is transitioning to the new role of Executive Chairman.

“On behalf of the Board, I am thrilled to welcome Bill to the Pinterest team,” said Lead Independent Director, Andrea Wishom. “Bill is a proven leader, whose experience in payments, product development, and shopping uniquely positions him to take Pinterest to its next phase of growth. It is a testament to the remarkable vision and leadership of Ben that we are able to welcome Bill, who shares similar values. The Board and I look forward to working with them both to accelerate Pinterest’s strategy of bringing everyone the inspiration to create the life they love.”

Ben Silbermann added, “In our next chapter, we are focused on helping Pinners buy, try and act on all the great ideas they see. Bill is a great leader for this transition. He is a builder who deeply understands commerce and payments. And he shares our passion for creating a positive corner of the Internet. I’m confident he’s going to be an outstanding CEO.”

About Bill Ready

Bill Ready joined Google as President of Commerce in January 2020 and was appointed President of Commerce, Payments and Next Billion Users in April 2021. Prior to Google, Ready was EVP and COO of PayPal and CEO of Braintree and Venmo.

Bill Ready also serves as a director on the Board of Directors for Williams-Sonoma and ADP.

“There’s no better time to join Pinterest,” said Bill Ready. “I have long admired the brand and platform that Ben and the Pinterest team have created and everything the Company stands for. I am excited to build on that foundation to further scale the Company’s ecosystem and drive increased value for shareholders. Having built multiple businesses from zero and operated at the scale of billions of users, I have a deep appreciation for what it takes to scale a business like this to the next level. I look forward to working closely with Ben, the Board and the rest of the leadership team to capitalize on the many opportunities ahead and usher in Pinterest’s next chapter of growth and success.”

He holds a Bachelor of Science in Information Systems and Finance from the University of Louisville and a Master of Business Administration from Harvard Business School.

About Pinterest

Pinterest is the visual inspiration platform people around the world use to shop products personalized to their taste, find ideas to do offline and discover the most inspiring creators. People have saved more than 300 billion Pins across a range of interests from building a home office to cooking a new recipe and planning a vacation. Headquartered in San Francisco, Pinterest launched in 2010 and has more than 400 million monthly active users worldwide.

With over 400 million monthly active users, Pinterest has built a healthy advertising business that generated strong cash flow and doubled revenue during the pandemic. In addition, Pinterest has been laser-focused on putting Pinners first, continuously improving its roadmap, investing in creators, shopping and scaling internationally.

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