Julia Donnelly, Pinterest CFO, to step down in October
Article excerpt
Highlighted: the sentence this signal was extracted from
(Corrects Donnelly's name in bullet point) PINS.N, Pinterest, announced on Friday that Chief Financial Officer Julia Donnelly would step down on Oct. 30 and that the company had launched an external search for its next CFO. Vikram Naidu, vice president of finance and business operations for the image-sharing platform, will serve as interim CFO. * "Julia Donnelly's leadership helped support a period in which we delivered 11 consecutive quarters of double-digit revenue growth, significantly strengthened operational rigor and expanded our margins to ensure the health of our business," CEO Bill Ready said in a memo to employees. * Donnelly - who is leaving the company for an opportunity at a private startup - had joined Pinterest in 2023 from online furniture retailer Wayfair, where she served as global CFO. * During her tenure, Pinterest completed the acquisition of connected TV advertising platform tvScientific and entered into a $4 billion partnership with Amazon Web Services for cloud services. * The company had earlier this month forecast more moderate third-quarter revenue growth, a sign of fierce competition in the digital advertising market from larger players including Instagram (Meta).
