Ten days after Apollo Global completed its $5 billion acquisition of Verizon by Yahoo (formerly Verizon Media), it appointed a new CEO for the group. Jim Lanzone, who is currently the CEO of the dating app Tinder, will lead the company (which also owns TechCrunch in the warning). Renate Nyborg, who had led Tinder’s operations in the EMEA region, is the CEO of Tinder.
Guru Gowrappan, who had led the division under Verizon for three years, resigns to become Apollo’s “advisor.”
There had been rumors of a major changing of the guard weeks before the Apollo sale closed, which sources say wasn’t inaccurate, so it shouldn’t come as much of a surprise.
Lanzone’s tenure on Tinder was just 14 months, short-lived, but perhaps consistent with an app optimized for speed and dating. Before that, he led CBS Interactive for many years in roles as media, especially digital media, including smoking in setting up a digital media startup, such as this online video guide posted on CBS’s TechCrunch Disrupt (Clicker) many years ago, which is why he was finally allowed to run CBS Interactive). Before that, he worked at IAC, which originally came out and launched Tinder.
“Jim has significant experience leading and growing innovative companies in his field and we are pleased to welcome him. With his experience and proven leadership skills, we believe Jim is the right leader to bring Yahoo into a new phase of change who can leverage Yahoo’s best platform features and performance to reach new heights, said Reed. Rayman, chairman and partner of Apollo. opinion. “We would also like to thank Guru for his significant contribution to the company, which has delivered a message after three consecutive quarters of double-digit growth. We look forward to working with him in his new role as an Apollo consultant.”
Nyborg is young, but has a lot of technical experience, and one more caveat, a friend of mine, including time at Headspace, working at Apple on various assignments and developer relationships, creating my own startups. , and more.
Your connection to Tinder is professional and personal.
“I cleaned it directly from my husband and it changed my life,” she said in a statement. “Being the CEO of this company is truly a humble and exceptional opportunity; to make it happen to the next generation of singles around the world. The Tinder team is without a doubt the most innovative and inspiring group I have ever worked with. We are building the most fun, exciting and safest place to connect with singles. And that development is reflected in our app. We create technology and in doing so we raise the bar in the industry. “
The two major changes leave many questions unanswered for both companies. As for Yahoo, many are wondering how and whether Apollo plans longer-term efforts to continue running the organization as a whole, or whether it will be sold in part, as is sometimes the case with fixed assets. The Lanzone designation means that there could be a broader vision of how a business can grow into a more profitable venture when it comes to media and content. Or at least change it to make it more appealing to other digital media groups.
For Tinder, appointing a woman to the top position is a big step that makes the app look more humane after years of controversy and one of its founders, Whitney Wolfe-Herd, who eventually left and built Bumblen, a software that is more suitable. for women. version. Dating app: Sign out of Tinder.