MyPillow CEO Mike Lindell
Leigh Vogel/Getty Images for Theodore Roosevelt Presidential Library
MyPillow's Mike Lindell is stepping down as CEO after 22 years on the job.Lindell, a Trump ally, said on Facebook on Tuesday that he'd made one of the "biggest decisions" of his life: stepping down as CEO to dedicate all his "time and energy" to his campaign for Minnesota governor."Minnesota deserves my full attention, and that's exactly what I'm giving it. I'm all in, and I can't wait to earn your vote," Lindell said on Facebook.James Furlong, who was MyPillow's president from 2004 to 2019, is the company's new CEO. MyPillow said in a press release on Tuesday that Lindell's ownership has been reduced to a minority stake — but he'll stay on the company's board."The current team with Jim will be the best at moving forward and expanding MyPillow," Lindell told Business Insider on Tuesday night.Lindell founded MyPillow in Minnesota in 2004, after a dream he had about the company's name, logo, and a foam pillow that could hold its shape.According to Lindell's 2019 memoir, "What Are the Odds? From Crack Addict to CEO," Lindell and his son experimented with making the pillows' foam filling by hand.
