Today we shared that Todd Morgenfeld, Pinterest’s Chief Financial Officer and Head of Business Operations, will transition from Pinterest to pursue new career opportunities. He’ll continue in his role through July 1, 2023, to help with a seamless transition as we identify a new Chief Financial Officer.
As a valued member of our team and during his more than six years at Pinterest, Todd was instrumental in leading the 2019 IPO process, as well as our tremendous growth and transformation. In 2020, Todd also assumed the role of Head of Business Operations where he advanced our revenue functions and oversaw increasing maturity in our business operations as a new and rapidly-growing public company.
“On behalf of the entire company and Board of Directors, I’d like to thank Todd for his outstanding contributions to Pinterest over the past six-plus years. Todd led the company’s IPO process, built a strong finance function and advanced our revenue functions and business operations. He’s been a disciplined creator of shareholder value; during Todd’s tenure, Pinterest’s revenue increased ten-fold and margins expanded meaningfully. I’m personally grateful for Todd’s partnership over the past two quarters and appreciate his commitment to a seamless transition.” – Bill Ready, CEO of Pinterest
We’re grateful for Todd’s leadership and outstanding contributions to Pinterest during his tenure, and thank him for his ongoing commitment to our team, our company, and our mission to bring everyone the inspiration to create a life they love.
“I am honored to have been part of the transformational growth and change Pinterest has undergone these last six years. I’m especially proud of the extraordinary team we have built, and I look forward to watching the company continue to innovate, execute and grow over the next several years.” – Todd Morgenfeld, CFO and Head of Business Operations, Pinterest
As part of this announcement, effective immediately, Andréa Mallard, Chief Marketing and Communications Officer, and Bill Watkins, Chief Revenue Officer, will now report directly to Bill Ready, CEO. These functions are critical to delivering value to Pinners and advertisers and will work closely with the Executive Team on executing against our strategic priorities.