Planned CEO Shuffle At LinkedIn Signals More Microsoft Control -- WSJ
February 06 2020 - 3:02AM
Dow Jones News
By Aaron Tilley and Allison Prang
This article is being republished as part of our daily
reproduction of WSJ.com articles that also appeared in the U.S.
print edition of The Wall Street Journal (February 6, 2020).
The chief executive of Microsoft Corp.'s LinkedIn professional
networking site, Jeff Weiner, will step down in June as the
software giant also restructures other elements of its
operation.
Mr. Weiner will become executive chairman of LinkedIn, he said
in a post on the professional networking platform on Wednesday. He
has been CEO for a little more than 11 years, said Ryan Roslansky,
the platform's product leader, who 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.
Microsoft, separately, said it would hand hardware boss Panos
Panay responsibility for the Windows user interface running on
those devices. Microsoft also said Brian MacDonald, a corporate
vice president involved in its growing Teams operation was
retiring.
LinkedIn was acquired by Microsoft in 2016 for $26 billion.
The LinkedIn change suggests the site may be losing some of the
freedom the unit has enjoyed since Microsoft bought the company,
said Ray Wang, founder of the Silicon Valley-based advisory firm
Constellation Research Inc. "It's losing its independence," said
Mr. Wang. "Still independent but more hooks back" into Microsoft's
core operation.
Microsoft said Mr. Roslansky will report to Microsoft CEO Satya
Nadella just as Mr. Weiner did.
Microsoft won out in a bidding war with Salesforce.com over
acquiring LinkedIn. After Microsoft's win, Salesforce CEO Marc
Benioff said in a tweet that there could be some anticompetitive
issues around bundling Microsoft's products with LinkedIn.
Microsoft has tried to bolster LinkedIn with some of its other
products to help improve user engagement that trailed the loyalty
that rivals such as Facebook enjoy.
Microsoft last week said sales at LinkedIn grew 24% from the
prior year and user sessions were up 25%. Mr. Nadella, on an
earnings call, said the marketing solutions operation of LinkedIn,
which Mr. Roslansky helped build, was the fastest-growing business
in that segment.
LinkedIn has more than 675 million users.
Tomer Cohen, who now runs LinkedIn Marketing Solutions, will
succeed Mr. Roslansky as head of product at LinkedIn.
Write to Aaron Tilley at aaron.tilley@wsj.com and Allison Prang
at allison.prang@wsj.com
(END) Dow Jones Newswires
February 06, 2020 02:47 ET (07:47 GMT)
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