Pinterest CFO Donnelly Departs; External Search for Successor Begins
Management Transition
Company Background
Pinterest is an AI-powered visual discovery platform serving 640 million monthly active users as of June 2026. Revenue has grown 18% year-over-year in each of the first two quarters of 2026, extending a run of double-digit growth that now spans eleven consecutive quarters. Full-year 2025 revenue was $4.2 billion, with Adjusted EBITDA of $1.27 billion.
In January 2026, the board approved a global restructuring plan — cutting less than 15% of the workforce and reducing office space — to redirect resources toward AI-focused roles and a transformed sales approach. The plan carried $35 million to $45 million in anticipated pre-tax charges, of which $47 million was recorded in Q1 2026 alone. In March 2026, Elliott Associates, L.P. invested $1 billion in 1.75% Convertible Senior Notes due 2031 in a private placement; the investment agreement included governance provisions granting Elliott a board seat. The company simultaneously authorized a $3.5 billion share repurchase program and executed a $1 billion accelerated repurchase with Goldman Sachs.
What Was Disclosed
Julia Brau Donnelly submitted her resignation as Chief Financial Officer on August 26, 2026 to pursue another opportunity. She remained with the company through October 30, 2026 to support an orderly transition — a 65-day runway between resignation and departure. The filing states that her departure is not the result of any disagreement with the company on any matter relating to operations, policies, or practices, including accounting principles. Pinterest has commenced an external search for a permanent successor.