Dating App ‘Bumble’ President Tariq Shaukat Resigns After Three Years of Service

Bumble's Tariq Shaukat is stepping down from his position as Company President after three years of service. The dating platform application is now set to conduct a search for his replacement.

Leaving Bumble

President Tariq Shaukat is leaving Bumble after three years of service, as announced by the company. According to a report from Bloomberg, he has been the president of the company since July 2020, which went public in 2021 as an application known for letting women make the first move.

During the regulatory filing, Bumble stated that Shaukat will move into an advisory role starting September 1 as the company searches for his replacement as a new executive leader of the company. Chief Executive Officer Whitney Wolfe Herd shared the departing presidents' dedication to the company.

"Shaukat oversaw a successful IPO as well as helping to scale our brands globally," the CEO added. Prior to his position as the Company President of Bumble, Shaukat also handled many positions from different companies making him a successful executive and a perfect fit for every role as a leader of the company.

Shaukat's Career

As per Bumble's official website, Shaukat served as President of Google Cloud at Google LLC from June 2016 to July 2020, which was his previous position prior to joining Bumble. He also served in various roles for Ceasars Entertainment such as Executive Vice President and Chief Commerical Officer, and Executive Vice President and Chief Marketing Officer.

Aside from being an executive in these companies, he has also been a member of the Board of Trustees of Public Storage since 2018. For his education, Shaukat holds a Bachelor's degree in Mechanical Engineering from Massachusetts Institute of Technology (MIT), a Masteral degree in Mechanical Engineering from Stanford University, and a Masteral degree in Technology and Policy from MIT.

It remains unclear what was the reason of Shaukat for stepping down from his position only after three years of serving as the company president. Earlier this year, the company reported tumbling shares of 22%. Dating apps have grown over the last couple of years, and different apps became trending.

To keep up and maintain its spot, Yahoo Finance reported that Bumble has been committing to expand margins and placed high emphasis on managing the company's growth. Herd stated, "We have maintained this approach even in the face of elevated competitive marketing spend. While operating efficiently, we remain committed to investing for the future."

She added that the company is excited to share its road map for the year, and Bumble is planning to carry forward this business momentum that the company has built in the first quarter through the rest of the year.