Urgent.News

What's breaking now, across thousands of outlets.

Business

Mike Lindell stepping down as MyPillow CEO to focus on Minnesota governor's race

Mike Lindell is stepping down as CEO of MyPillow to focus on his campaign for governor of Minnesota, the company announced Tuesday.

Abstract editorial illustration

MyPillow CEO Mike Lindell announced he will step down from his role to focus on his gubernatorial campaign in Minnesota. The company informed of the decision on Tuesday. Lindell, who founded MyPillow in 2004, has reduced his ownership stake to a minority and will remain a board member. He emphasized the company's readiness for a new chapter and his desire to dedicate full time to the campaign, putting Minnesota's interests above his own.

James Furlong, who served as MyPillow's director since 2004, will become the new CEO. The Republican Party of Minnesota has questioned Lindell's residency status, prompting him to deny the allegations as a "lie" and a "hit job." Lindell had been the leading Republican candidate according to a recent poll when he received an endorsement from President Trump.

He is currently competing against Kendall Qualls and Minnesota House Speaker Lisa Demuth for the Republican nomination. Early voting for the August 11 primary has commenced, with the winner likely facing Democratic presumptive candidate Sen. Amy Klobuchar in November.

Written by urgent.news from CBS News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Also reported by 1 other outlet

Read the original at cbsnews.com →

More in Business

Wealth Taxes in Europe, 2026

Wealth taxes not only collect little revenue and create legal uncertainty, but an OECD report argues that they can also disincentivize entrepreneurship, harming innovation and long-term growth.

EA is now a private company

Electronic Arts has officially become a private company. Last September, EA announced that an investor group led by Saudi Arabia's Public Investment Fund (PIF), Silver Lake, and Affinity Partners…

More from Tuesday 4 August →