Investing.com -- Bumble Inc. announced a major leadership transition Friday, with founder and Executive Chair Whitney Wolfe Herd set to return as CEO in mid-March 2025.
The move follows the planned departure of the current CEO, Lidiane Jones, who has resigned for personal reasons but will remain in her role until the transition is complete.
"I am deeply grateful for the transformative work Lidiane has led during such a pivotal time for Bumble (NASDAQ:BMBL)," said Wolfe Herd. "As I step into the role of CEO, I’m energized and fully committed to Bumble’s success, our mission of creating meaningful, equitable relationships, and our opportunity ahead."
She added that there is an “exciting innovation ahead” for Bumble.
Jones reflected on her tenure, stating, "Bumble has made tremendous progress over the past year in building a platform for renewed, sustainable growth.”
“It has been an honor to serve Bumble’s stakeholders, and I will remain an enthusiastic supporter of Whitney and the Company."
In addition to Wolfe Herd’s return, Ann Mather, the current Lead Director, will become Chair of Bumble’s board of directors.
The leadership change has been met with a positive market reaction, with Bumble shares surging 6.7% in premarket trading.
The company also announced it expects fourth-quarter 2024 revenue and Bumble App revenue to surpass the midpoints of previously provided outlook ranges, with Adjusted EBITDA within the expected range.