Mandy Ginsberg has announced that she will soon be stepping down from her position as Match Group CEO.
After two years at the head of the online dating conglomerate she is going to be handing over control to current President of Match Group Sharmistha Dubey.
In an internal company memo obtained by The Wall Street Journal, Ginsberg explained the last few months have been “trying”. This was partially due to a resurrected medical issue, and while she “[expects] to have a clean bill of health”, she wants to take some time off in 2020 to take care of herself.
The departing CEO was included in the GDI Power Book 2019 for driving Match Group to new heights with a swathe of acquisitions and features, even after the initial Facebook Dating announcement set it back by 20%.
Joey Levin, Match Group Chairman and IAC CEO, expressed in a statement: “Mandy has had a profound impact on Match Group’s culture, the team, and through the success of our products, the world. She recruited Shar to the company more than a decade ago, and it’s been incredible to witness what these two executives have built together.
“Mandy will always be a part of the Match Group family, wherever she is. But, if she will no longer be here, we cannot imagine a better successor than Shar. The Match Group leadership team has a deep bench of talent…and the team will continue to lead Match Group forward. Thank you, Mandy, for everything.”
Dubey has been in the Match Group system for 14 years now and supervised the team that launched premium subscription service Tinder Gold as the dating app’s COO. She will officially assume the new role on 1st March.
According to TechCrunch, Ginsberg told Match Group employees: “She is so well suited for this role and we won’t miss a beat during this transition. Not only is she a brilliant, analytical and action-oriented executive, but she is a great leader because she wants every single person on the team to win.
“And so many people who have worked for Shar have told me she is the best boss they have ever had. Now you all have the best boss.”
Match Group has also named a number of other changes to its management team. Gary Swidler will now act as the COO, alongside his current role as CFO.
Furthermore, Faye Iosotaluno is the new CSO and Justine Sacco will be Match Group’s CCO.
Read more here.