Yahoo appoints Tinder CEO as new chief following split from Verizon

Tinder CEO Jim Lanzone will slide to the left in his current position to take the top job at Yahoo just days after Apollo acquired him.

US web provider Yahoo appointed former Tinder CEO Jim Lanzone as its new boss. The appointment comes days after the acquisition of Yahoo by investment firm Apollo.

Current Yahoo CEO Guru Gowrappan will serve as an advisor to the company following his split with Verizon on September 1. He joined Yahoo three years ago and will serve as Apollo’s senior advisor once the transition takes effect.

On a note to yahoo staff, Gowrappan said they were delighted to welcome Lanzone as the company’s new CEO as of September 27.

“Jim is a veteran technology and media leader with two decades of leadership experience and a deep history of growth, innovation and entrepreneurship. I am confident that he will be an excellent leader for the new Yahoo, ”he wrote.

“Jim and I will work together to ensure a smooth transition, and I am confident that it will build on our successes and guide us into our future,” added Gowrappan.

Gowrappan continued as the company’s CEO for several months after it was announced that Verizon planned to sell its media assets, including Yahoo, for $ 4.25 billion in cash to Apollo.

Lanzone’s stint on Tinder lasted just over a year, but he previously worked at digital holding company IAC, which originally launched Tinder prior to its split from Match Group.

Yahoo Chairman and Apollo Partner Reed Rayman welcomed Lanzone’s decision: “With his experience and proven management skills, we are confident that Jim is the right leader to manage Yahoo through a new phase of transformation. that it can leverage the best of Yahoo’s platform and performance to reach new heights, ”he said.

Rayman also welcomed Gowrappan’s appointment as a senior advisor and thanked him for his “significant contributions to the company” as well as his willingness to pass “the baton after three consecutive quarters of double-digit growth.”

Lanzone’s breakup with Tinder paves the way for Renate Nyborg’s appointment as the dating site’s new CEO. Nyborg was previously the head of EMEA at Tinder.

Like Lanzone, she will begin her duties as CEO on September 27. She will be the first CEO of Tinder since its founding in 2012, and will report to the CEO of Match Group, Tinder’s parent company, Shar Dubey.

Nyborg said in a statement that she had a special place in her heart for Tinder when she met her husband on the app.

“I hit my husband directly and it changed my life,” Nyborg said. “Being the CEO of this company is an extraordinary and truly moving opportunity; to make that happen for the next generation of singles around the world. The Tinder team is, hands down, the most innovative and inspiring group I have ever worked with. We are building the most fun, inclusive and safe place for singles to connect, ”he concluded.

The dating app recently added new features to its service, including additional security measures for the protection of its users.

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