Today, Bumble announced that its Founder and Executive Chair, Whitney Wolfe Herd, is to succeed Lidiane Jones, who is stepping down from the role for personal reasons.
Wolfe Herd will officially take on the CEO role effective mid-March 2025.
Today Wolfe Herd told investors, “I am deeply grateful for the transformative work Lidiane has led during such a pivotal time for Bumble, and her leadership has been instrumental in building a strong foundation for our future. 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. We have exciting innovation ahead for Bumble in this bold new chapter.”
Bumble stated that the latest leadership change will drive its next transformation phase, with the market responding positively as the company’s shares rose nearly 5% in premarket trading today.
Today’s announcement comes after multiple resignations and new leadership appointments within the company. Anu Subramanian, the CFO, and Selby Drummond, the CMO, both resigned in late 2024. In December, Neil Shah was appointed as Chief Business Officer, a newly created position. Last week, the company also announced the appointment of Michael Affronti as Chief Product Officer.
Lidiane Jones confirmed her resignation today. She said, “Bumble has made tremendous progress over the past year in building a platform for renewed, sustainable growth, and I will be forever proud of the work we’ve done for this beloved global brand. It has been an honor to serve Bumble’s stakeholders, and I will remain an enthusiastic supporter of Whitney and the Company, especially the outstanding team behind the brand.”
Bumble is on track to achieve revenue within mid-range expectations for FY 2024, which will be reported in February. The company’s annual revenue for 2023 was $1.05 billion, reflecting a 16% increase from the prior year.
By CEO NA Editorial Staff
