Match Group Appoints New CEO and COO as Revenue Lags
Contributed by: kellyseal on Wednesday, March 26 2025 @ 01:41 pm
Last modified on Wednesday, March 26 2025 @ 01:52 pm
Match Group has appointed a new COO and new CEO, shaking up the executive team in hopes of a turnaround after several disappointing quarters.
Spencer Rascoff has taken over from Bernard Kim as CEO, and Hesam Hosseini was promoted to Chief Operating Officer, and will take the reins in April. The company also announced Gary Swidler will step down as President but will remain as an advisor through July.
Hosseini served as CEO of Evergreen & Emerging Brands for Match Group, one of the bright stars in recent months for the company. Some of its smaller, more niche apps under his direction have shown growth while the company’s star app Tinder has continued to decline.
In the company’s release[*1] , Match Group noted that in addition to overseeing growth and execution across the company’s brands, Hosseini will also oversee Trust & Safety. Recently, the company has come under fire for not removing Match Group users who were reported for sexual assault and abuse by other users. In fact, many of these reported abusers were able to join other Match Group apps, and further harm users.
Hosseini will also lead Corporate Development, Corporate Strategy, and the advertising sales team.
Spencer Rascoff, CEO of Match Group said: "Hesam is the right leader to take on the COO role at this moment; he brings a deep understanding of our business and a proven ability to scale and launch brands, drive efficiency, and execute strategic projects. I am confident that his leadership will elevate our portfolio as we continue to shape the future of digital connections.”
He added: “I also want to thank Gary for his leadership and dedication to the company over the years and wish him the best."
Rascoff, who co-founded popular platforms Zillow and Hotwire, was appointed as the new CEO in February. There will be a lot of pressure on him to turn the company’s direction around as interest in dating apps decline among young singles.
"Spencer is an exceptional leader with deep experience in growing consumer technology businesses," said Tom McInerney, Chairman of Match Group. "During his time on the Board, Spencer has demonstrated a strong strategic perspective and deep understanding of Match Group's brands and opportunities. We are confident in his ability to drive the company's next phase of innovation and growth.”
Swidler appears to be leaving on good terms. "My decade with Match Group has been an incredible journey," said Gary Swidler. "This company has continuously evolved to meet the needs of millions of people seeking meaningful connections. I am proud of the work we've done, and wish Spencer, Hesam, and the rest of the team the very best in what is next."