Chris Payne, who was also the chief executive of important companies, such as eBay and Microsoft, is leaving Tinder after only five months. He was hired earlier this year in March. The reason why the company employed him as CEO was that more experienced management was needed.
One of the board members, Matt Cohler explained this sudden decision in an interview:
“It became clear after a few months that it wasn’t going to become a long-term fit. It’s only been a few months, but everyone came to the realization, the board and Christopher, and all agreed it wouldn’t work out long-term . Given that, we thought we might as well take action on this sooner than later,” he said.
Before this decision was made, Sean Rad was the president of the company, being in charge of both marketing and product. He had been removed as CEO because of some internal issues that worried the representatives of IAC (InterActiveCorp).
Chris Payne had a vast experience in management, so hiring him as CEO seemed to be a very good idea at the time. He had worked for 13 years at Microsoft, where he was chief of Windows Search Live, he worked at Amazon for three years and joined eBay in 2009, after the company purchased his Positronic.
However, this is not the only important change the company is making. Apparently, Greg Blatt, who is an important executive at IAC, is going to be the chief executive of Tinder. The move hardly comes as a surprise, given the fact that IAC owns a big part of Tinder.
Tinder has not had a positive image in the news lately, so it is no wonder some changes had to be made to get things back on track.
For instance, a study that was published a couple of months ago revealed that dating apps like Tinder are responsible for the alarming increase of sexually transmitted diseases from 2013 to 2014.
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