Last year Dan Nye stepped down as the LinkedIn CEO and co-founder Reid Hoffman filled in. Jeff Weiner, a former Yahoo! executive also became President of the social network. Now Weiner will become the CEO of LinkedIn.
LinkedIn receives about 15 million monthly unique visitors and has about 42 million registered users. LinkedIn is profitable and could go public at any time. LinkedIn’s three revenue sources include premium subscriptions, corporate solutions, and an advertising platform.
Reid Hoffman will serve as the executive chairman of the company. Weiner was EVP of Yahoo!’s Network division before leaving to become an entrepreneur-in-residence at Accel and Greylock.