LinkedIn has hired Shannon Stubo as their new Vice President Communications, CEO Jeff Weiner tells us.
Stubo, most recently at OpenTable, took that company through their IPO process. Prior to OpenTable Stubo spent seven years at eBay, eventually as vice president of corporate communications.
Companies usually stack their executive teams with people who’ve previously worked at public companies, and execs who’ve actually gone through the IPO process are particularly valued. Stubo will understand the nuances around complicated SEC rules around publicity in a pre-IPO company.
Of course Weiner says he hired Stubo for other reasons, and won’t comment on the company’s IPO plans. But it’s clear LinkedIn is looking to file for an IPO sometime in the next few financial quarters. Unless, of course, one of the big guys makes them an acquisition offer they can’t refuse.
This isn’t the first addition to the LinkedIn team that indicates that the company is looking to boost its experience of advising a company through an IPO. Earlier this year, LinkedIn brought on its first outside board member, Skip Battle, former Ask.com CEO and board member of Netflix, Expedia and OpenTable. While Weiner told us at the time that Battle’s experience advising consumer focused and enterprise companies made him an ideal choice, it’s clear that the seasoned exec’s role in helping lead a number of technology companies through a public offering may have been a factor as well.
I sat down with Weiner earlier today to talk about the hiring of Stubo and to talk about LinkedIn in general. The company has 70 million users now, and about 40 million people visit the site each month.
He doesn’t see LinkedIn as a professional version of Facebook. I asked him if LinkedIn, which generates significant revenue from job listings and from companies that pay for insights into people for recruiting purposes, if he considers Facebook or Monster the more direct competitor.
Neither, he said. LinkedIn is a unique thing. And just as people think of Starbucks for coffee or Google for search, he wants them to think of LinkedIn for human talent – finding jobs, finding people and making people more successful in business.
With over 225 million users representing over 200 countries around the world, LinkedIn is a fast-growing professional networking site that allows members to create business contacts, search for jobs, and find potential clients. Individuals have the ability to create their own professional profile that can be viewed by others in their network, and also view the profiles of their own contacts. Competitors to LinkedIn include sites such as XING, Doostang and Ecademy. Of note, LinkedIn won...
Jeff Weiner is the CEO of LinkedIn, the world’s largest and most powerful network of professionals. Jeff joined the company in December 2008, and under his leadership, LinkedIn has rapidly expanded its global platform to 19 languages and 26 offices around the world, grown its membership base from 33 million to more than 225 million members and increased its revenue more than tenfold to $972 million in 2012. Before LinkedIn, Jeff was an executive in residence at Accel Partners...
Shannon Stubo is currently the Vice President of Corporate Communications at LinkedIn. Previously, she was Senior Director of Corporate Communications at OpenTable, Inc. In this role, Stubo was responsible for all the public relations and investor relations activities for the 12-year old company. She joined the company when it was private and helped lead the communications efforts for the company’s IPO in May 2009. Prior to joining OpenTable in September 2008, Stubo spent nearly seven years...
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