The Match Group has just named a new CEO of OkCupid.
Entrepreneur Elie Siedman has just joined the public dating conglomerate from Texas-based business loan company BorrowersFirst.
Siedman is the co-founder and former CEO of Oyster.com, an “honest” & professional hotel review site founded back in 2009.
In 2013, the company was acquired by TripAdvisor.
Prior to this, he was the founder, president & CEO of phone card business Epana, which he grew to over 400 employees in five years after founding the business in 2000.
And now dating giant The Match Group has hired Siedman to lead one of its biggest products, OkCupid.
He takes over as CEO from Mike Maxim, who joined the company in 2010 before its acquisition by The Match Group.
Maxim has now moved to Keybase, the public key encryption startup founded by OkCupid founders Max Krohn and Chris Coyne that secured a round of funding led by prestigious VC firm Andressen Horowitz.
The hire sees The Match Group complete a round of management restructuring over the past few months, most notably with Match Group CEO and co-founder of OkCupid, Sam Yagan, losing the position of CEO to Greg Blatt.
Elsewhere, Mandy Ginsberg is now The Match Group’s North America CEO, former Meetic CEO Alexandre Lubot became the CEO of Match Group Europe, and Hesam Hosseini took the role of PlentyOfFish General Manager.
Earlier this month, The Match Group released its big first quarter financial results for 2016, beating all revenue expectations with a 21% increase, figures hitting $285.3m for the year’s first quarter.
The strong growth was thanks to a 36% increase in its average paid member count, which was driven by its acquisition of PlentyOfFish and the growth of Tinder’s paid service.
The company also revealed that 1m people around the world are now paying for Tinder, and said it expects this number to double by the end of 2016.
Read more about it here.