Jeff Weiner to step down as LinkedIn CEO and takeover the post of Executive Chairman

LinkedIn CEO Jeff Weiner declared his plans to resign from his current position on June 1 and overtake the position of executive chairman. Senior vice president of the product of LinkedIn, Ryan Roslansky, is going to succeed Weiner as CEO at the Microsoft-owned company.

One Hefty Leadership Change

The move is considered to be the hefty leadership change at LinkedIn since Weiner took over the position of CEO of the company more than a decade ago. LinkedIn generates about 6% of the total revenue of Microsoft and has been flourishing quicker than several other verticals of Microsoft’s business.

Weiner became a part of LinkedIn from Yahoo to be the president of the business social network in late 2008. In mid-2009 he took over the position of LinkedIn’s CEO, replacing Reid Hoffman, co-founder of the company, and in 2011 he took the LinkedIn public.

In 2017, Microsoft acquired LinkedIn for $27 billion; it was the software company’s largest acquisition to date. Microsoft has generally allowed LinkedIn to work independently, however, some inclusion of the companies’ products has been observed since the deal. “All the growth we’ve been seeing has been in the way we’ve been operating our own businesses,” LinkedIn co-founder Allen Blue told CNBC on the sidelines of the World Economic Forum in Davos, Switzerland, last month.

In addition to operating LinkedIn, Weiner has also served on the senior leadership team of Microsoft since the acquisition shut down. In June he addressed his role as a dream job during an interview with CNBC.

The early life of Weiner

“Last summer, I began talking with [Microsoft CEO] Satya [Nadella] about transitioning from my current dream job to my next one and helping him decide on my successor as CEO,” Weiner wrote in a LinkedIn post declaring the news on Wednesday.

In the post, Weiner utilized the phrase “next play” five times. The phrase has become popular with LinkedIn employees when they congratulate each other for declaring the latest jobs. Weiner has stated he learned about the phrase from the coach of Duke University’s Blue Devils basketball team, Mike Krzyzewski.

Before joining Yahoo, where he used to have responsibility for many of the company’s consumer-facing products, consisting of email and search services, Weiner had given five years of his life to years at Warner Bros. He used to work there on an entertainment website and deduced the business plan for Warner Bros. Online, according to Forbes.

Like Weiner, Roslansky was working with Yahoo in the early 2000s; Weiner stated Roslansky was the first person he hired after joining LinkedIn.

“He has been essential to the company’s success ever since: helping to build our Marketing Solutions business, developing LinkedIn’s Influencer program and publishing platform, overseeing the home page and Feed, running all of our consumer products, championing the acquisition of Lynda.com, and co-developing our prioritization framework for the Microsoft integration,” Weiner wrote of Roslansky, who came to LinkedIn from Glam Media.

Tomer Cohen, who has been working with LinkedIn for eight years and is right now vice president of products, is going to become its head of product, Weiner wrote.

Hello, I’m Anna Yeo. If you like my news coverage, please drop a good word in my inbox. I’m journalist by profession and have been part of many major reporting across the globe. I like to write crisp and factual news. I have completed my masters degree in journalism. Feel free to contact me at [email protected]

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