News Summary

• Julia Donnelly will step down on October 30, Reuters reported.
• The company’s shares fell as much as 3.8% in after-hours trading on Friday.
• Donnelly joined Pinterest in 2023 from Wayfair, where she was global head of finance.
• Pinterest has started an external search for a permanent successor, while Vikram Naidu will take over as principal financial officer on an interim basis from the same date.
• The financial results behind that run are strong.
• Second-quarter revenue reached $1.18 billion, up 18% year over year, while global monthly active users reached a record 640 million.