KeyBanc hailed the CEO successions in two significant companies citing different reasons.
Pinterest, Inc announced that Co-founder and CEO Ben Silbermann would transition from his current role to the newly created Executive Chair position.
Incoming CEO Bill Ready served as President of Commerce, Payments, and Next Billion Users at Alphabet Inc Google. Previously, Ready served as COO at PayPal Holdings, Inc.
KeyBanc analyst Justin Patterson expects Pinterest’s CEO transition will be a positive catalyst given incoming CEO Ready’s visibility and experience in commerce roles.
Under Ready’s leadership, Google made numerous innovations around the Shopping experience in Search. He believes Pinterest’s Search and Shopping experiences are primed for improvement and expect Ready to drive innovation and bolster sentiment….