Pinterest Inc (NYSE:PINS) shares are trading higher Wednesday after the company appointed former Alphabet Inc (NASDAQ:GOOG) executive Bill Ready as CEO.
Pinterest said its co-founder, president and CEO Ben Silbermann will transition to the newly created role of executive chairman and be replaced at the helm by Ready. Ready served as president of commerce, payments and next billion users at Google and oversaw the company's vision, strategy and the delivery of its commerce products. Prior to Google, Ready served in various senior leadership roles at PayPal Holdings Inc (NASDAQ:PYPL).
