Whitney Wolfe Herd, the founder and CEO of the dating app Bumble, is set to step down from her position early next year. Bumble is known for its approach of requiring women to make the first move with dating prospects, providing a platform for empowering and safe online dating. The company was founded by Wolfe Herd in 2014. Lidiane Jones, the CEO of Salesforce’s cloud-based messaging platform Slack, will succeed her as CEO on January 2, 2024, according to a company release.
Following this announcement, Bumble’s shares saw a decline of more than 9% on Monday, and they are down 35% year-to-date.
Wolfe Herd expressed her thoughts on the leadership transition, calling it a “monumental moment” that required careful consideration. She will transition to a new role as Executive Chair when Jones takes over as CEO.
Lidiane Jones, who took over as the CEO of Slack earlier this year, has held executive roles at Salesforce and spent over a decade at Microsoft. She stated that she has long admired Bumble’s mission and is looking forward to driving “long-term, sustainable growth” for the company.
Bumble is set to report its third-quarter results on Tuesday.