LinkedIn CEO Jeff Weiner to step down

SAN FRANCISCO: Professional networking platform LinkedIn’s chief executive officer, Jeff Weiner, said that he would step down from his position 
The head of product Ryan Roslansky will take over as CEO of the Microsoft-owned company effective June 1, Weiner said in a post here on his LinkedIn profile.
“Ryan will report directly to Satya (Nadella) and serve as a member of his senior leadership team,” he added. Weiner has been the CEO since 2008. He would become the platform’s executive chairman.
Weiner joined LinkedIn from Yahoo to be the business social network’s president in late 2008. In mid-2009 he became LinkedIn’s CEO, replacing co-founder Reid Hoffman, and in 2011 he took LinkedIn public.
LinkedIn was bought by Microsoft in 2016 and has more than 675 million members. It represents almost 6% of Microsoft’s total revenue and has been growing faster than several other parts of Microsoft’s business.
Microsoft bought LinkedIn for $27 billion in 2017 and has generally permitted it to operate independently.
Microsoft’s productivity and business process unit, which includes LinkedIn, reported $11.8 billion in revenue in the second quarter.
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