Pinterest finance chief Julia Donnelly to step down in October

Pinterest's Chief Financial Officer Julia Donnelly is set to resign on October 30, concluding her tenure with the image-sharing platform. The company has announced an external search to find her successor, appointing Vikram Naidu, vice president of finance and business operations, as the interim principal financial officer.

During Donnelly's time at Pinterest, the company experienced 11 consecutive quarters of double-digit revenue growth. CEO Bill Ready credited her leadership for enhancing operating rigor and expanding margins, contributing to the business's ongoing health. Donnelly joined Pinterest in 2023 from Wayfair, where she held the position of global head of finance. Her departure comes as Pinterest faces increased competition for digital advertising revenue from major players like Meta's Instagram, a challenge highlighted by the company's recent forecast of slower third-quarter revenue growth.

Key developments during Donnelly's tenure included Pinterest's acquisition of the connected-TV advertising platform tvScientific and a substantial $4 billion cloud-services partnership with Amazon Web Services. These strategic moves aimed to bolster the company's infrastructure and market position. The company is now navigating a period of transition in its financial leadership while contending with a competitive digital advertising landscape.

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Her leadership helped support a period in which we delivered 11 consecutive quarters of double-digit revenue growth, significantly increased operating rigor and expanded margins to ensure the ongoing health of our business.