Looking for a CEO Successor? Check Your Board of Directors
When they were looking for someone to lead a turnaround, Match Group picked director Spencer Rascoff to run the company.
Match Group has appointed Spencer Rascoff as its new CEO, replacing Bernard Kim. Rascoff, a former CEO of Zillow and Hotwire, joined Match Group's board in March 2024. The board selected him due to his relevant experience and belief that he could help turn around the company, particularly Tinder. Rascoff has been given the confidence and latitude to make bold moves, such as increasing marketing spend and product innovation for Tinder, and executing acquisitions like HER and a $100 million investment in Sniffies.
These moves have shown early signs of success, with user engagement on Tinder's Events tab rising and net income climbing 36% to $171 million. Match Group has also reshaped its board, adding directors with expertise in various fields to improve governance and performance.
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- Looking for a CEO successor? Check your board of directors fastcompany.com
