LinkedIn CEO, Jeff Weiner is set to step down from his role in the company after 11 years and will be replaced by Ryan Roslansky, who is currently the senior vice president of product.
Jeff Weiner on the other hand will become the executive chairman of the Microsoft owned company and the replacements are expected to take effect from June 1.
“The last eleven years have been the greatest professional experience of my life and none of it would have been possible without you, our members.”
-Jeff Weiner said in a mail to its employees.
A professional social network for members to create business connections, search for jobs, and find potential clients, LinkedIn allows users share their resumes, search for jobs and catch up on career advice and the latest news.
The company was purchased by Microsoft for $26 billion and currently has over 675 million members while employing over 16,000 people.
Under Weiner who was employed by LinkedIn founder, Reid Hoffman, the company currently generates more than $7.5 billion; a significant increase from the $78 million it formerly generated before Weiner took over as LinkedIn CEO. And according to Jeff Weiner LinkedIn is just getting started.
“Despite the scale and impact we’ve achieved thus far, it still feels like in many respects we’re just getting started.”
CEO designate, Ryan Roslansky, was Weiner’s first employee upon taking office. He has since served in several leadership roles across LinkedIn’s business. He is reported to have been instrumental in developing LinkedIn’s influencer program and publishing platform.
And of recent, in his role as head of product, Rolslansky has reshaped the consumer and enterprise applications together.
Now as LinkedIn CEO, he will be charged with managing the overall operations and resources of the company. Tomer Cohen, currently vice president of marketing solutions, will replace him as head of product.