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Investing.com -- New Match Group (NASDAQ:MTCH) CEO Spencer Rascoff continues to put his mark on the company after another high-profile management change was announced Thursday.
Tinder CEO Faye Iosotaluno announced she would step down in July after 8 years at the company.
“After almost 8 unforgettable years at Match Group and Tinder, I’ve made the incredibly hard decision to step down as Tinder’s CEO in July,” Iosotaluno said Thursday in a LinkedIn post.
Today’s announcement from Iosotaluno follows news in March that Gary Swidler will step down as President of the company. With the Swidler announcement, the company promoted Hesam Hosseini to Chief Operating Officer.
In February, Rascoff was named CEO of the company, taking over for Bernard Kim. Rascoff is best known as the co-founder and CEO of Zillow Group (NASDAQ:ZG). He was a board member at Match since March 2024.
Match has been under considerable activist investor pressure over the past few years.
Activist hedge fund Elliott Management was responsible for adding Rascoff and Laura Jones to the board in 2024.
More recently, Anson Funds nominated a slate of directors for election at the March 2025 Annual Meeting set for June 18th, 2025. Anson said there is an urgent need for change at the Company to address long-term underperformance driven by a history of poor oversight, subpar corporate governance practices, and misaligned board culture.