Nextdoor CEO is stepping down

Nirav Tolia, CEO of Nextdoor, is stepping down from his role, Recode reports. For those unfamiliar with the company, Nextdoor is like a social network for your neighborhood. Though, over the years, there has been controversy around Nextdoor’s role in promoting racial profiling. Nextdoor later rolled out a new tool to address some of the issues around racial profiling.

In an email sent to the team today, Tolia said he’s starting to look for his replacement and once that happens, he will move into an active chairman role on the board, according to Recode.

Here’s a nugget from the email, obtained by Recode:

Yet as Nextdoor evolves, the role of the CEO needs to evolve as well. The size of our footprint is growing larger and our organization is growing more complex. The time is right to find the next CEO for Nextdoor. With our board of directors, I will be leading the search to recruit a proven operator who can take our company to the next level. We will take our time to find the right person, so this process will likely take several months. During that period, I will continue to lead as CEO. When the next CEO is selected, I will become Chair of the Board where I will continue doing whatever I can to help us succeed.

Nextdoor raised $75 million at a $1.5 billion valuation last December, followed by an expansion into France in January. I’ve reached out to Nextdoor and Tolia and will update this story if I hear back.