Pinterest names Amazon executive James Dibbo as new CFO

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.

Also Read: Pinterest cuts nearly 15% jobs to redirect resources to AI

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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

Also Read: Pinterest deepens Amazon partnership with $4 billion cloud deal

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