Pinterest’s longtime president and top business exec, Tim Kendall, is leaving to “start his own venture.”
Pinterest’s president and top business executive, Tim Kendall, is leaving to create a startup with the goal of curbing tech device addiction.
He will be replaced by Pinterest’s current SVP of ads and commerce, Jon Alferness, and continue to serve as an advisor.
Pinterest raised $150 million in funding at a roughly $12 billion valuation earlier this year and reportedly expects to make $500 million in ad revenue for 2017.
Pinterest’s longtime president and top business exec, Tim Kendall, is leaving to launch a startup aimed at curbing tech device addition, Pinterest told Business Insider on Thursday.
His departure from Pinterest comes as the photo discovery platform reportedly expects to make roughly $500 million in ad revenue this year and mulls an eventual initial public offering. Kendall joined Pinterest six years ago and previously served as an early executive at Facebook.
Tech: Pinterest president and top business chief Tim Kendall is out
