Bumble Inc. (NASDAQ: BMBL) has announced key updates to its senior leadership team and reaffirmed its outlook for fiscal year 2024. Neil Shah has been appointed to the newly created role of Chief Business Officer, with responsibility for driving the company's strategic transformation, revenue model, pricing strategy, and partnerships. Shah, who previously served as Chief Operating Officer and Head of Business Operations at Slack, brings a wealth of experience in scaling technology companies.
In other leadership changes, Anu Subramanian, the Chief Financial Officer, has announced her resignation to pursue opportunities outside the company. She will continue in her role through March 14, 2025, including through Bumble’s year-end earnings and the filing of its Form 10-K, and will assist with the transition of her responsibilities. Subramanian played a key role in the company's 2021 initial public offering and oversaw a period of rapid growth and global expansion.
Additionally, Chief Marketing Officer Selby Drummond has announced plans to depart from her role in January 2025 to pursue a new opportunity outside the company. Drummond, who previously served as Bumble’s Chief Brand Officer, has been instrumental in building Bumble into a recognized and respected global brand, driving strong awareness of the brand’s commitment to kindness, respect, and safety.
The company also reaffirmed its financial outlook for the fourth quarter and full year of 2024, which was previously announced on November 6, 2024. This reaffirmation indicates confidence in the company's performance and future prospects amidst the leadership changes.
These leadership updates and the reaffirmed financial outlook demonstrate Bumble's commitment to navigating changes at the top while maintaining a positive trajectory in its business operations. Following these announcements, the company's shares moved -0.4%, and are now trading at a price of $8.65. Check out the company's full 8-K submission here.
