Bumble founder Wolfe Herd to hand over CEO role to Slack's Lidiane Jones
© Reuters. Bumble CEO Whitney Wolfe Herd has her photo taken on the red carpet after arriving for the TIME 100 Gala in Manhattan, New York, U.S., April 24, 2018. REUTERS/Shannon Stapleton/File photo -Dating app operator Bumble said founder Whitney Wolfe Herd will step down as chief executive and hand over the role to seasoned tech and business executive Lidiane Jones, sending its shares down more than 8% in early trading on Monday.) where she spent more than 12 years.
Wolfe Herd, 33, launched the company in 2014 after an acrimonious departure from Match Group-owned rival app Tinder, which she had co-founded. Bumble's eponymous app stood out in the industry by allowing women to make the first move. Bumble raised more than $2 billion in its initial public offering in February 2021, building on the momentum for internet-based dating services amid pandemic-led movement curbs.This is the second big executive departure this year at Bumble following the exit of President Tariq Shaukat, who stepped down after three years in the role.
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