Linkedin Corp. Founder Reid Hoffman Reclaims CEO Position

After a two-year stint in which he helped propel dramatic growth, LinkedIn Corp. Chief Executive Dan Nye is handing back the reins to company founder Reid Hoffman in a major leadership shakeup at one of Silicon Valley's hottest companies.

In another surprising twist, former Yahoo Inc. executive Jeff Weiner will join LinkedIn as interim president to oversee day-to-day operations. Weiner will remain in his current role as executive in residence at venture capital firms Accel Partners and Greylock Partners. The latter is an investor in LinkedIn.

The length of Weiner’s tenure has not been determined. Weiner, who will report to Hoffman, has been mentioned as a possible candidate to replace Yahoo CEO Jerry Yang.