Looking for a CEO successor? Check your board of directors
Hello and welcome to Modern CEO ! I’m Stephanie Mehta, CEO and chief content officer of Mansueto Ventures. Each week this newsletter explores inclusive approaches to leadership drawn from conversations with executives and entrepreneurs, and from the pages of Inc. and Fast Company . If you received this newsletter from a friend, you can sign up to get it yourself every Monday morning. Spencer…
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.
Written by urgent.news from Fast Company's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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