DANA POINT, CALIFORNIA – SEPTEMBER 27: Whitney Wolfe Herd, Founder & CEO, Bumble speaks onstage throughout Vox Media’s 2023 Code Convention at The Ritz-Carlton, Laguna Niguel on September 27, 2023 in Dana Level, California. (Picture by Jerod Harris/Getty Photographs for Vox Media)
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Whitney Wolfe Herd, the founder and CEO of the courting app Bumble, is stepping down from her position on the helm of the corporate early subsequent yr.
Bumble requires ladies to make the primary transfer with courting prospects, and Wolfe Herd based the corporate in 2014 as a method to create an empowering and protected on-line courting area. She will probably be succeeded by Lidiane Jones, the CEO of Salesforce’s cloud-based messaging platform Slack, on Jan. 2, 2024, in line with an organization launch Monday.
Shares of Bumble have been down greater than 9% Monday and are down 35% year-to-date.
“It is a monumental second, one which has taken a substantial amount of time, consideration and care, for me to cross the baton to a pacesetter and a girl I deeply respect,” Wolfe Herd mentioned in a launch. She is going to transition to a brand new position as Government Chair when Jones takes over as CEO.
Jones secured the highest job at Slack earlier this yr after holding different govt roles at Salesforce and spending over a decade at Microsoft. She mentioned she has “lengthy admired” Bumble’s mission and is trying ahead to driving “long-term, sustainable progress” on the firm.
She added that she is “grateful to have the assist of my colleagues at Slack and Salesforce.” Representatives for Salesforce didn’t instantly reply to CNBC’s request for remark.
Bumble will report its third-quarter outcomes on Tuesday.
