Match Overhauls Leadership Team To Drive Growth From Tinder, Hinge; Ropes In Snap Executive To Newly Created Role
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.
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