MSFT Microsoft Corporation

By Allison Prang

LinkedIn Chief Executive Jeff Weiner will step down in June and become executive chairman of the company, he announced in a post on the professional networking platform on Wednesday.

Mr. Weiner, who has been CEO for a little more than 11 years, said Ryan Roslansky, the platform's product leader, will become CEO on June 1. Mr. Weiner said in his post that Mr. Roslansky was the first person he hired after starting as CEO.

LinkedIn was acquired by Microsoft Corp. (MSFT) in 2016 for $26 billion.

Mr. Roslansky will report to Microsoft CEO Satya Nadella, Mr. Weiner said.

LinkedIn has more than 675 million users, Mr. Weiner said.

Write to Allison Prang at allison.prang@wsj.com

(END) Dow Jones Newswires

February 05, 2020 12:14 ET (17:14 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.