According to recent information, LinkedIn founder Reid Hoffman is reclaiming his role as chief executive (CEO) of the professional networking site. If his intentions become reality, he will replace former Intuit executive Dan Nye, who became LinkedIn CEO in february 2007, and is expected to remain as an advisor after leaving the company in January.

Furthermore, former Yahoo exec Jeff Weiner will join LinkedIn as interim president. Weiner is currently an executive-in-residence for the venture capital firms Accel Partners and Greylock Partners. He quit his job as executive vice president of the Web portal's network division at Yahoo last summer. As for LinkedIn, the company also hired last week Deep Nishar, Google's Asia-Pacific director of product management. Nishar will be the company's vice president of product strategy. According to recent data, LinkedIn has raised $103 million to date and has 11.2 million monthly visitors. The company has yet to disclose its revenues.

After leaving his position as CEO, Reid Hoffman has remained on as the site's chairman and president of products, but it seems this job doesn't satisfy him anymore. Hoffman founded LinkedIn, the business networking site, in 2002. Until now, LinkedIn still hasn't been able to keep pace with Facebook, which runs an online network that revolves around fun rather than career advancement. It remains to be seen if Hoffman's return will change something.

In a joint interview given on Wednesday, Hoffman and Nye said they agreed that LinkedIn would be better of with its founder taking the major decisions.