LinkedIn Founder Re-Takes CEO Position

LinkedIn's CEO Dan Nye is resigning, and the business-oriented social networking sites top seat will be re-taken by founder Reid Hoffman.

Business-oriented social networking service LinkedIn—which has always positioned itself is a way for professionals to network rather than engage in the more-frivolous activities on the likes of MySpace and FaceBook—is getting a new CEO…except that, really, it’s LinkedIn’s old CEO. According to the Wall Street Journal (subscription required) and other sources, Dan Nye will be leaving LinkedIn’s top post after less than two years, to be replaced by LinkedIn founder Reid Hoffman.

Hoffman served as LinkedIn’s CEO before Nye took over in early 2007.

LinkedIn has also named former Yahoo exec Jeff Weiner to run day-to-day operations for the company as well as serve as an interim president. Hoffman had been serving as chairman of LinkedIn as well as the company’s president of products after vacating the CEO position.

LinkedIn has yet to confirm publicly the CEO changeup, and declined to comment on industry reports of the change.

No sources have offered any non-speculative reasons for Nye’s departure from LinkedIn.