• Match Group, Inc (NASDAQ: MTCH) revamped its executive leadership team under CEO Bernard Kim with four key businesses Tinder, Hinge, Asia, and Evergreen & Emerging.

• The new organizational structure will likely maximize profitability, enhance growth, streamline operations, and prioritize new business opportunities.

• Gary Swidler, previously Chief Operating Officer and CFO of Match Group, will become President and CFO.

• Also Read: Concerns Over Tinder's Prospects Despite Match's Multiple Catalysts Keeps Analyst At Sidelines

• Match roped in Snap Inc's (NYSE: SNAP) Will Wu as Chief Technology Officer in a newly-created role.

• Wu gets credit for success stories, including "Discover," the "Chat" messaging feature, and Snap's social gaming initiative.

• Match named Malgosia Green, previously CEO of Plenty of Fish, as the CEO of Match Group Asia, based in Singapore.

• Green will oversee Pairs, Hyperconnect, and the Asia go-to-market teams in the newly created role.

• Match appointed Hesam Hosseini, former CEO of Match and Affinity brands, to the newly-created role of Evergreen & Emerging Brands' CEO.

• Wu will join Match Group at the end of Q1. All other appointments are effective immediately.

• Last November, KeyBanc analyst Justin Patterson said Match should benefit from sustained growth at Hinge and a recovery in Tinder after meetings with Match's CFO and COO Gary Swidler post Q3 results.

• Price Action: MTCH shares closed higher by 2.45% at $51.78 on Thursday.

Don't miss real-time alerts on your stocks - join Benzinga Pro for free! Try the tool that will help you invest smarter, faster, and better.

This article originally appeared on Benzinga.com

© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.