Bumble Inc. has announced a significant leadership transition, with founder and executive chair Whitney Wolfe Herd set to take over as CEO in mid-March 2025, succeeding Lidiane Jones, who is resigning for personal reasons. Wolfe Herd expressed gratitude for Jones' leadership, highlighting the transformative work she has led during a pivotal time for the company. Jones, in turn, expressed pride in the progress made over the past year and her continued support for the brand and its team.
In connection with Wolfe Herd's appointment as CEO, the current lead director, Ann Mather, will become the chair of Bumble's board of directors. Mather thanked Jones for her contributions and emphasized the company's focus on creating long-term value and transforming the customer experience.
Additionally, the company expects to report fourth-quarter 2024 total revenue and Bumble app revenue above the midpoints of the previously provided outlook ranges, respectively, and fourth-quarter adjusted EBITDA within the previously disclosed outlook range. These announcements indicate positive performance and potential growth for the company as it undergoes this significant leadership transition. Following these announcements, the company's shares moved -1.6%, and are now trading at a price of $7.7. For more information, read the company's full 8-K submission here.
