Bumble founder to step down as chief executive, with Slack Technologies chief lined up to take her place

Steve Gelsi covers banking and cannabis as a Senior Reporter for MarketWatch.

Bumble Inc.’s stock BMBL, +1.71% was down 6% in premarket trading on Monday after a report by The Wall Street Journal that the chief executive of Slack Technologies Inc. Lidiane Jones will become its chief executive in January. Current Bumble Chief Executive Whitney Wolfe Herd will become executive chair.

“I want to be the person who is able to look around the corner and innovate for the future of Bumble Inc., and to take us 10 years ahead,” Wolfe Herd, 34, said in an interview with the WSJ. Prior to Monday’s trades, Bumble stock has fallen 35% in 2023, compared to a 28.8% increase in the Nasdaq COMP, +1.38%, amid a challenging backdrop in the online dating app business. Slack Technologies is a unit of Salesforce Inc. CRM, -0.31%.

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