- After 11 years as CEO of Linked, Jeff Weiner steps down from the position.
- Ryan Roslansky is likely to be the next CEO of LinkedIn.
World’s professional social media platform LinkedIn witnessed a change in leadership. After spending 11 years, Jeff Weiner steps down from the CEO’s position and most likely to become the executive chairman of the company.
“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. Thank you for everything you’ve done to help manifest our vision to create economic opportunity for every member of the global workforce, despite the scale and impact we’ve achieved thus far, it still feels like in many respects we’re just getting started” – Weiner said in an email to employees posted on LinkedIn.
A glimpse of Weiner’s Journey as CEO of LinkedIn:
Jeff Weiner (49) took the responsibility of LinkedIn back in 2008 and a professional networking site had it’s very first IPO in 2011 and later was acquired by Microsoft in 2016. A deal of $26 billion!!
Revenue of LinkedIn reached as high as $7.5 billion (from a mere $78 million) in 12 months. The company’s membership also witnessed a hike as much as 675 million (from 33 million).
Another amazing milestone under Jeff’s stint was LinkedIn’s annual revenue in the fiscal year was $6.8 billion that was 5.4% of Microsoft’s total revenue.
What’s the reason?
A company goes on forever irrespective of who leads and who doesn’t. Stepping down from CEO’s position was totally a professional call from Jeff Weiner.
Though it’s been a dream job, Jeff Weiner, it’s time for his “next play”. Stepping down from LinkedIn’s CEO was a planned and well-thought move, in fact, Jeff duly considered Satya’s suggestions before taking the final step.
The opportunity for me to continue to work with Satya and the Microsoft leadership team in pursuit of helping millions of people gain access to economic opportunity adds an extremely exciting dimension to my next play,” Weiner said.
Who Will Be the Next CEO of LinkedIn?
As mentioned above, Ryan Roslansky will be the new CEO of LinkedIn. Roslansky has been associated with LinkedIn for more than 10 years. He is perhaps the best choice as CEO of LinkedIn.
He will report to Satya Nadella and he’ll join Microsoft’s senior leadership team. Tomer Cohen the current vice president of marketing solution will replace Roslanky as head of product.
While inviting Roslanky is a planned move, Jeff’s stepping down is also a planned move and is the best choice to excel in his career.
Next Big Brand wishes all the very best to Roslansky for being the new CEO of LinkedIn. We hope to see an amazing farewell for Jeff Weiner.