Match Group Appoints Two New Board Members
Match Group has added two new members to its board after conversations with its major investor Elliott Investment Management. Joining the board is Spencer Rascoff, Co-Founder and former CEO of Zillow; and Laura Jones, Chief Marketing Officer at Instacart.
Effective immediately, Rascoff and Jones will be joining the board of Match Group, the dating company which operates platforms such as Tinder, Hinge, OkCupid, and others.
“At Match Group, we are focused on continuously innovating and evolving our global platform,” said Bernard Kim, CEO at Match Group.
“To that end, we are executing strategies to enhance performance at Tinder, continue to drive growth at Hinge and improve user experiences across our platform to meet changing needs and expectations. I look forward to collaborating with Laura, Spencer and the rest of the Board as we create value by connecting millions of people around the world in meaningful ways”, Kim added.
The appointments of Rascoff and Jones came after Match Group held dialogue with Elliott Investment Management, L.P, one of its largest investors. The two organisations also agreed upon a new information-sharing agreement to support ongoing efforts to drive sustainable value for all shareholders.
Marc Steinberg, Partner at Elliott, said: “We are one of the largest investors of Match Group today because we believe in its opportunity for significant value creation as the global leader in online dating. We appreciate the collaboration with management and the Board over the past several months, and we are confident that Laura Jones and Spencer Rascoff are strong additions to the Board”.
“We believe their unique skills and perspectives will help support the Company through its next phase of growth, and we look forward to continuing our collaboration with Match Group and its management team as the Company executes on the substantial opportunity ahead”, Steinberg shared.
Laura Jones currently serves as CMO at Instacart, an online service for grocery deliveries and pick-ups. Before this, she worked at the Rides division within Uber, where she was Global Head of Marketing.
Spencer Rascoff co-founded real estate platform Zillow in 2005 and served as CEO for more than 10 years at the company. Since then, he’s co-founded a number of consumer social apps, including Recon Food and Queue, alongside his work as an angel investor.
“I’m honored to be joining the Match Group Board during this incredibly important time for the Company as it continues to evolve and address the changing needs of its customers,” said Laura Jones.
“I look forward to working with the rest of the Match Group Board and management team and bringing my global marketing and product expertise to the Company as it focuses on driving long-term user and revenue growth”, she added.
“I’m joining the Match Group Board because of the opportunity to build on the Company’s disruptive technology and AI to evolve existing brands and build new ones,” said Spencer Rascoff. “Match Group has a strong foundation, and I am eager to accelerate the momentum underway to generate value for all stakeholders”, he shared.