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Match Group overhauls management; chairman taking over CEO role

Dec. 22, 2015 9:18 AM ETMatch Group, Inc. (MTCH) StockBy: Eric Jhonsa, SA News Editor1 Comment
  • As previously announced, Match Group (NASDAQ:MTCH) chairman Greg Blatt will become the online dating leader's chairman and CEO, effective Dec. 31. Blatt replaces Sam Yagan, who will join the board as vice chairman.
  • Princeton Review chief Mandy Ginsberg will become Match's North American chief, thus putting her in charge of Match.com, OkCupid, PlentyOfFish, and "overall North American expansion." Princeton Review CFO Kate Walker is the learning service provider's new CEO.
  • Alexandre Lubot, CEO of European dating site Meetic, is now CEO of Match Group Europe, leaving him in charge of Meetic, Twoo, and other European brands.
  • Also: 1) Match COO Navin Ramachandran is now CEO of Match Group Asia/Latin America, leaving him responsible for Pairs, Couples, ParPerfeito, and Match Asia. He'll remain COO. 2) Princeton Review chief product officer Shar Dubey is now president of Match Group North America. 3) Emerging Brands GM Hesam Hosseini is now GM of PlentyOfFish.
  • Sean Rad will remain Tinder's CEO in spite of his recent PR gaffe, and Blatt the mobile dating app's chairman.
  • InterActiveCorp (IACI) owns ~86% of Match post-IPO. The company's Match stake is currently worth $2.9B.

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