Pinterest taps Amazon veteran James Dibbo as CFO

Oct 5 (Reuters) - ‌Pinterest said ​on ​Monday it has appointed Amazon executive James Dibbo as its ‌chief financial officer, effective October 26.

Dibbo, ⁠56, who will succeed Julia Donnelly at ‌Pinterest, has led ‌finance for the e-commerce giant's Ads, Prime Video and Amazon MGM Studios ​businesses among others.

Here are more details:

• Shares of Pinterest were down ⁠about 1% in extended trading

• "James has led complex global ​businesses at scale, helped build high-performing teams and understands the intersection ​of consumer experience, ‌shopping, advertising and technology," Pinterest CEO Bill Ready said

• The ⁠company had said in August that Donnelly would depart on October 30

• Donnelly, ⁠who is leaving to pursue a new ​opportunity at a private, early-stage company, joined Pinterest in 2023

• The image-sharing platform had forecast ‌slower third-quarter revenue growth as it navigates a highly competitive ‌digital advertising market dominated by ⁠larger players such ‌as Meta's Instagram ​and Facebook

(Reporting by Jaspreet Singh in Bengaluru; Editing by Diti ‌Pujara)

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