Tinder Founder Sean Rad Replaces Chris Payne As CEO After Only 5 Months
Yes, you read that right! Tinder’s recently hired ex-eBay and Microsoft Executive, Chris Payne, is leaving. What is more shocking is the person who will be replacing him.
Sean Rad, co-founder and CEO of Tinder who was demoted to the position of President for alleged sexual harassment, is taking charge of the position once again.
In an interview, Matt Cohler, a board member of Tinder, said, “It became clear after a few months that it wasn’t going to become a long-term fit. It’s only been a few months, but everyone came to the realization, the board and Christopher, and all agreed it wouldn’t work out long-term. Given that, we thought we might as well take action on this sooner than later.”
Further stating that Tinder being a fast growing company needs a strong leadership, Cohler added, “One of the things the board has to navigate is how much the company has to conform to the leader or vice versa. In this case, it became clear that both would have to contort themselves too much to make it really work. I’m proud of the fact that everyone around the table had the maturity to look the situation in the eye and take action.”
Well, only in a few months will we come to know how this switch works for Tinder, and if bringing Rad back helps the company, or if controversies continue to soar.