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Pinterest CEO Ben Silbermann is stepping down and the stock is up

Pinterest CEO Ben Silbermann is stepping down and the stock is up

Ben Silbermann, CEO and Co-Founder of Pinterest.

Horacio Villalobos | Getty Images

Longtime Pinterest CEO Ben Silbermann is stepping down, the

Tuesday.

Shares jumped more than 5% in after-hours trading.

Bill Ready, who was previously in charge of Google’s commerce business, is taking over the helm, effective Wednesday. Prior to joining Google, Ready was executive vice president and chief operating officer of PayPal.

Pinterest has…

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