Bumble Inc. announced a leadership transition with founder Whitney Wolfe Herd set to return as CEO in mid-March 2025. Current CEO Lidiane Jones is stepping down for personal reasons but will remain until the transition. Ann Mather will become Chair of the board.
Bumble Inc. announced a significant leadership shakeup on Friday, with founder and Executive Chair Whitney Wolfe Herd slated to return as CEO in mid-March 2025. This move follows the planned departure of current CEO Lidiane Jones, who is resigning for personal reasons but will remain in her position until the transition is complete.
Wolfe Herd expressed her enthusiasm about stepping back into the CEO role, stating, 'As I step into the role of CEO, I’m energized and fully committed to Bumble’s success, our mission of creating meaningful, equitable relationships, and our opportunity ahead.' Jones reflected on her time at Bumble, acknowledging the company's progress in building a platform for 'renewed, sustainable growth.' She stated, 'It has been an honor to serve Bumble’s stakeholders, and I will remain an enthusiastic supporter of Whitney and the Company.'In addition to Wolfe Herd's return, Ann Mather, the current Lead Director, will assume the role of Chair of Bumble's board of directors. The market has reacted positively to this leadership change, with Bumble's shares soaring 6.7% in premarket trading. The company also announced its expectation that fourth-quarter 2024 revenue and Bumble App revenue will surpass the midpoint of previously provided outlook ranges, with Adjusted EBITDA remaining within the expected range.
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