Match Group’s President Shar Dubey has been added to the online dating company’s board of directors.
The move was made after OkCupid co-founder and former Match Group CEO Sam Yagan stepped down from his seat for undisclosed reasons.
Yagan’s tenure as CEO ended in 2016 when he began to focus on his new e-commerce company ShopRunner, but remained an active member of the board in an advisory role.
Dubey rejoined Match Group in December 2015 as the CPO of North America, having previously served as the CPO of Match.com in the US. Her addition to the board now means that it is made up of 40% women.
IAC CEO Joey Levin told Boss Betty: “Sam has been a formidable leader and trusted advisor in the various roles he’s held at OkCupid and Match, including most recently as a Director. We are grateful for all he’s done for us, and wish him all the best,”
“[Shar is] a force to be reckoned with [and] has an almost unparalleled understanding of the business, grasp of product, and strategic insight that will be critical to the Board and Match’s continued growth.”
Levin hinted earlier this year that IAC was considering the idea of spinning off Match Group as its own standalone company.
This is something it has done several times in the past, buying smaller businesses and helping them to scale and grow before moving them on for a substantial profit.
Match.com has responded to the claims made by the FTC that the dating platform had utilised fraudulent accounts to encourage users into signing up for premium subscriptions. In a statement it called the allegations “baseless” and emphasised that it looks forward to defending itself in court.
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