Sciarra confirmed everyone’s suspicions in a post on the Pinterest blog.
Following up on Monday’s report, Paul Sciarra officially announced that he’ll be stepping down from his daily involvement with Pinterest on the company blog.
“[T]he company has grown, the product has evolved, and I’ve changed too along the way,” he said. “After lots of reflection and plenty of discussion with Ben and others, I’ve decided that now is a good time for me to step down formally from day-to-day involvement.”
Sciarra said he has accepted a position as entrepreneur-in-residence at Andreessen Horowitz, a venture capital firm that owns stock in high-valued social media companies like Twitter, Facebook, Groupon, and Zynga. Andreeseen Horowitz is also one of Pinterest’s leading investors.
Listed as Pinterest’s president and CEO as recently as December 2010, Sciarra wrote that he’d continue to have a role within the company—just a more understated one.
“I’ll continue to be there for the company: now, as an advisor, an owner, and—as always—a dedicated pinner,” Sciarra wrote.
Though Sciarra did not say so in his blog post, it is already being widely reported that Ben Silbermann will take over his role as CEO. Thanks to his public appearances, blog posts and community outreach, Silbermann already serves as the face of Pinterest.
So far, there’s been no word on whether there are equally big changes for Sciarra and Silbermann’s third cofounder, Evan Sharp. While TechCrunch is reporting that Sharp will take an increased focus on product and design, it’s unclear whether a title change will follow.
Photo via Paul Sciarra