DANA POINT, CALIFORNIA – SEPTEMBER 27: Whitney Wolfe Herd, Founder & CEO, Bumble speaks onstage throughout Vox Media’s 2023 Code Conference at The Ritz-Carlton, Laguna Niguel on September 27, 2023 in Dana Point, California. (Photo by Jerod Harris/Getty Images for Vox Media)
Jerod Harris | Getty Images Entertainment | Getty Images
Whitney Wolfe Herd, the founder and CEO of the relationship app Bumble, is stepping down from her function on the helm of the corporate early next 12 months.
Bumble requires ladies to make the primary transfer with relationship prospects, and Wolfe Herd based the corporate in 2014 as a manner to create an empowering and secure on-line relationship house. She might be succeeded by Lidiane Jones, the CEO of Salesforce’s cloud-based messaging platform Slack, on Jan. 2, 2024, in accordance to a company release Monday.
Shares of Bumble had been down greater than 9% Monday and are down 35% year-to-date.
“It’s a monumental second, one which has taken quite a lot of time, consideration and care, for me to go the baton to a frontrunner and a lady I deeply respect,” Wolfe Herd stated in a launch. She will transition to a brand new function as Executive Chair when Jones takes over as CEO.
Jones secured the highest job at Slack earlier this 12 months after holding different government roles at Salesforce and spending over a decade at Microsoft. She stated 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.