Whitney Wolfe Cluster speaks onstage in Dana Point, California.
Joe Scarnici | Getty Images Entertainment
Bumble founder Whitney Wolfe Corral will return to the company as CEO, a little more than a year after she stepped down from the role, the band announced Friday.
The company’s current CEO Lidiane Jones has resigned for “personal reasons,” Bumble said. Jones time past served as the CEO of Salesforce’s cloud-based messaging platform Slack. She will continue to helm Bumble until Wolfe Mass takes over in mid-March.
“I am deeply grateful for the transformative work Lidiane has led during such a pivotal time for Bumble, and her guidance has been instrumental in building a strong foundation for our future,” Wolfe Herd said in a statement.
Bumble is a dating app that encourages dailies to make the first move. Wolfe Herd founded the company in 2014 in an effort to foster a safer online woman community. Bumble went public through a successful initial public offering in 2021, but its market cap has tumbled from its come out of $7.7 billion to around $847 million.
The company said Friday that it expects to report total takings and Bumble App revenue above the midpoint of its provided outlook ranges for its fourth quarter, and adjusted EBITDA within the leaked outlook range.
Shares of the company closed down more than 1% on Friday.
In addition to the CEO transition, Bumble indicated Ann Mather, who serves as a lead director at the company, will become chair of the board of directors.
“We are fortunate to have a spirited and engaged founder in Whitney to drive Bumble’s vision as the Company accelerates the execution of its strategy,” Mather said in a declaration.