Venture capital giant Sequoia Capital names new leader – The Economic Times

Storied venture firm Sequoia Capital has named a new leader. Roelof Botha, 48, will become the senior steward of the firm. Botha's "keen instinct for innovation has made its mark on our partnership and on our industry," Sequoia's current chief Doug Leone wrote in a Twitter message on Monday. He also said that Botha will "set the overall tone and oversee the global centralized functions" of the firm, including its finance and culture, and that Botha will continue to lead Sequoia's U.S. and Europe business as managing partner. Leone, 64, said he will remain a general partner in the firm's…