NEW YORK — The LinkedIn professional networking service is getting a new CEO.
Jeff Weiner will become executive chairman after 11 years as chief of the Microsoft-owned business. Ryan Roslansky, senior vice president of product, will become CEO as of June 1.
Weiner said the timing felt right personally and professionally, with a ready successor.
Roslansky said LinkedIn's priority of serving the world's professionals isn't going to change.
LinkedIn is a social network for workers and job seekers. Recruiters use it to find new hires. Users can share their resumes, search for jobs and catch up on career advice and the latest news. The basic version is free, though LinkedIn charges to get additional features.
Weiner said he sees his new role as similar to how LinkedIn founder Reid Hoffman helped him.
"He was there to help ensure that I was going to be successful," Weiner said in a video posted by LinkedIn. "So I'd like to replicate this process."
Weiner said he would still be available to represent the company and help with product or strategy reviews.
The service has about 675 million members, compared with 33 million when Weiner joined LinkedIn as CEO in 2008.
Microsoft bought the company for $26 billion in 2016, making it the Redmond, Washington, company's largest acquisition. LinkedIn made up almost 6% of Microsoft revenue over the past six months.
Roslansky has been at LinkedIn for more than 10 years. He will report to Microsoft CEO Satya Nadella and join Microsoft's senior leadership team.
Stephen Kates, Financial Analyst at Bankrate, joins to discuss the Fed’s 25-basis-point rate cut, inflation risks, and what it all means for consumers and marke
Big tech earnings take center stage as investors digest results from Alphabet, Meta, Microsoft, Amazon, and Apple, with insights from Gil Luria of D.A. Davidson
Disney content has gone dark on YouTube TV, leaving subscribers of the Google-owned live streaming platform without access to major networks like ESPN and ABC. That’s because the companies have failed to reach a new licensing deal to keep Disney channels on YouTube TV. Depending on how long it lasts, the dispute could particularly impact coverage of U.S. college football matchups over the weekend — on top of other news and entertainment disruptions that have already arrived. In the meantime, YouTube TV subscribers who want to watch Disney channels could have little choice other than turning to the company’s own platforms, which come with their own price tags.
President Donald Trump said he has decided to lower his combined tariff rates on imports of Chinese goods to 47% after talks with Chinese leader Xi Jinping on curbing fentanyl trafficking.
Universal Music Group and AI platform Udio have settled a copyright lawsuit and will collaborate on a new music creation and streaming platform. The companies announced on Wednesday that they reached a compensatory legal settlement and new licensing agreements. These agreements aim to provide more revenue opportunities for Universal's artists and songwriters. The rise of AI song generation tools like Udio has disrupted the music streaming industry, leading to accusations from record labels. This deal marks the first since Universal and others sued Udio and Suno last year. Financial terms of the settlement weren't disclosed.
