Former Yahoo VP, Jeff Weiner Tapped as LinkedIn CEO

June 24, 2009

(ChattahBox)—Former top Yahoo executive, Jeff Weiner has been chosen as CEO for the popular professional networking site, LinkedIn. Weiner left Yahoo a year ago dividing his time between two venture capital firms, Accel Partners and Greylock Partners.

Weiner, who served as executive VP of Yahoo’s network division, was responsible for the home page and search engine. He was one of several executives who left Yahoo a year ago, during what many observers considered, a mishandled response to an unsolicited acquisition bid from Microsoft Corp.

The shakeup from the rejection of the takeover bid of Microsoft’s, also led to the resignation of Yahoo co-founder and CEO Jerry Yang.

Weiner first joined LinkedIn in January as an interim president. Former CEO and co-founder of LinkedIn, Reid Hoffman, will stay on as executive chairman.

LinkedIn boasts 42 million global members and the social networking company says it expects to show a profit this year. The closely-held company may soon be eyeing a jump to becoming an IPO candidate, once its balance sheets start showing the potential for long-term profits.

Weiner will also be joining LinkedIn’s board of directors.



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