In this article, Bumble founder Whitney Wolfe Herd is set to return to the company as CEO, over a year after stepping down from the position, as announced by the company on Friday. The current CEO, Lidiane Jones, has resigned citing “personal reasons,” according to Bumble. Jones, who previously held the CEO position at Salesforce’s cloud-based messaging platform Slack, will remain in charge of Bumble until Wolfe Herd officially takes over in mid-March.
Wolfe Herd expressed her gratitude for Jones’ significant contributions during a crucial period for Bumble, acknowledging her pivotal role in laying a strong foundation for the company’s future. Bumble, a dating app that empowers women to initiate conversations, was founded by Wolfe Herd in 2014 with the aim of creating a safer online dating environment. Despite a successful initial public offering in 2021, Bumble’s market capitalization has dropped from its debut value of $7.7 billion to approximately $847 million.
The company stated that it anticipates reporting total revenue and Bumble App revenue exceeding the midpoint of the provided outlook ranges for the fourth quarter, with adjusted EBITDA falling within the disclosed outlook range. Bumble’s shares closed more than 1% lower on Friday.
Alongside the CEO transition, Bumble announced that Ann Mather, a lead director at the company, will assume the role of chair of the board of directors. Mather expressed confidence in Wolfe Herd’s leadership, emphasizing her passion and commitment to driving Bumble’s vision as the company moves forward with its strategic plans.
