The CEO of Nextdoor, the social network for local neighborhoods, plans to step down from his role after almost eight years.
Nirav Tolia, one of Nextdoor’s founders, emailed employees today that he is beginning a search for his own replacement, and will move into an “active” chairman role on the company’s board once the new hire is made.
“I think if you’re lucky as a founder, you build your company to a point where it makes sense to find a proven operator to take that company to the next level,” Tolia said in an interview with Recode, which contacted him after hearing about the move. “That’s where we are.”