Pinterest has hired a former Facebook executive to lead corporate and business development.
Gary Johnson, who worked as Facebook’s director of corporate development for nearly six years, is joining Pinterest, the startup announced Thursday.
As the company’s head of corporate and business development, Johnson will “focus on leading strategy for key global business initiatives and growing and scaling Pinterest’s corporate development and business development teams.”
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Johnson said in a statement he was excited to join Pinterest.
“Unlike any other product in the market, Pinterest provides a world in which hundreds of millions of people can discover and do the things they love, from the everyday to the aspirational,” he said.
He will report to Pinterest CFO Todd Morgenfeld. Prior to joining Facebook, Johnson also worked at Credit Suisse, Jeffries & Company and Apple.
A number of Facebook employees have joined Pinterest. The company’s co-founder, Evan Sharp, was a product designer at Facebook before launching the startup.
Tim Kendall, who was Pinterest’s top business executive, also worked at Facebook. Last week, Pinterest announced Kendall was leaving to start his own company.
Valued at more than $12 billion, Pinterest has more than 150 million users. Some analysts speculate that the startup is gearing up for an initial public offering in 2018, but CEO Ben Silbermann said this year that there currently aren’t any plans to go public.
Photo: Gary Johnson, Pinterest’s head of corporate and business development. (Courtesy Pinterest)
Tags: facebook, pinterest