tinder SEAN RAD

Tinder has gotten a new CEO, in what is a swift change at the fast growing dating app company.

Co-founder, Sean Rad, to the top job, after being replaced by former eBay and Microsoft executive, Chris Payne in March, as part of some unusual terms of investment put forth by venture Benchmark, when they took equity late last year.

According to Recode, board member and Benchmark partner Matt Cohler said Payne wasn’t a good fit for the company.

“It become 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 realisation, 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.”

In addition, Tinder also gets a new executive chairman, with Greg Blatt, a senior executive at IAC (a major investor in Tinder), stepping into a more significant role at the dating app company.

Payne has left the company.

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