On Tuesday, Pinterest gave out an official statement that it has roped in Google’s former executive, Christine Flores as the new general counsel. She will directly report to Pinterest’s CEO and co-founder Ben Silbermann.
Flores is to lead the company’s public policy and legal team of about 10 people. She is expected to start her work in the coming weeks and her role would be to scale the company’s advertising business and to ensure it follows the law as the company grows internationally.
Christine Flores is to replace Michael Yang, who was Pinterest’s very first general counsel. Yang announced that he would leave the company in November so as to pursue a career in public policy, where he originally started off from
Flores initially worked at Google as the Vice President (VP) of the legal sector. She had worked there for a time span of ten years, and also led various corporate teams, such as securities & corporate governance, M&A, real estate and compliance & ethics.
Prior to working at Google, Christine was an associate at Proskauer Rose and Skadden Arps. At this firm, her job profile was to advice companies on various corporate matters. She graduated from the University of Southern California and got her J.D. and Bachelor of Arts certificate from the same.
Ben Silbermann, Pinterest co-founder and CEO said in a statement, “Christine is a proven leader with a decade of experience in corporate law, and has tackled some of the most challenging projects in the business world — from the Alphabet reorganization to large international acquisitions and investments.” He further added that, “Her passion for the product and belief in our mission to help people discover ideas that improve their everyday lives made Christine a strong match. We are committed to building our company for the long-term, and Christine will be an influential part of making that happen.”
Of late, Pinterest has had several new additions to the leadership team and Flores has been the latest to join the bandwagon. Last September, the company hired Li Fan as their novel head of engineering and also hired Todd Morgenfeld as their first CFO in the month of October. Todd previously worked at Twitter as an executive. His addition to the team signaled that Pinterest was laying down the basic ground rules for its first public offering
The fact that Pinterest has now roped in Flores points out its plans to grow in its advertising sector. Pinterest flaunts a ‘digital catalog of ideas’. It is reported that the company generated revenue of $100 million in the year 2015 and a revenue of $300 million in the year 2016. Investors have valued this 6-year old company at $11 billion. Pinterest has managed to raise $1.3 billion from big time investors like Goldman Sachs and also venture-capital companies like FirstMark Capital and Andreessen Horowitz. Recently, Pinterest revealed that it has about 150 million users monthly and about 1,000 employees.