Popular online dating app Tinder is shaking things up at the management level, as the company just announced a CEO shift.
Former eBay executive Christopher Payne has been the CEO of Tinder for the past few months, but has announced that he is stepping down. The app's founder, Sean Rad, will replace Payne, re-assuming his role as CEO. At the same time, the Chairman of The Match Group, Greg Blatt, will now assume the position of Executive Chairman of Tinder.
Payne has been the CEO of Tinder only for five months, but the company says it was not the right fit for the long run and everyone agreed it was best to pursue a "leadership transition."
"Given Tinder's rapid growth trajectory both Christopher and the Board thought prompt action was best for everyone," explains Tinder director Matt Cohler.
"I enjoyed my time at Tinder but we mutually determined that this wasn't going to be optimal and thought that a quick transition served everybody best," adds Payne.
Sean Rad, meanwhile, reiterates his commitment to fuel Tinder's growth by re-assuming his position at the helm of the company, as CEO, determined to make the dating app even more successful than it already is. Rad will be working closely with Blatt towards this endeavor. It's also worth pointing out that Blatt is assuming a newly-created position, as Tinder did not have an Executive Chairman so far.
Blatt, for his part, notes that Tinder is currently in a good place and can rise even further, expanding its capabilities to fulfill the company's "lofty ambitions." The Executive Chairman further says that Tinder will continue to grow, adding experience and talent, which could hint to more hiring or changes in its employment scheme in the future.
As a reminder, Tinder made its debut back in 2012 and quickly rose in popularity, becoming one of the leading social apps with a focus on dating. Tinder expanded globally and is now available in 196 countries across the world, allowing people to connect with others and meet new people through the app's famous right-swipe. As Tinder itself points out, it managed to rank amid the top 10 lifestyle apps in more than 70 countries, which is an impressive achievement. According to the company, Tinder facilitates 26 million matches each day and has made more than eight billion matches since its launch.
For now, the new changes at the executive level go in effect immediately, aiming to fuel the company's growth.
