{"id":791513,"date":"2024-12-02T08:33:03","date_gmt":"2024-12-02T13:33:03","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/bumble-inc-announces-senior-leadership-updates\/"},"modified":"2024-12-02T08:33:03","modified_gmt":"2024-12-02T13:33:03","slug":"bumble-inc-announces-senior-leadership-updates","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/bumble-inc-announces-senior-leadership-updates\/","title":{"rendered":"Bumble Inc. Announces Senior Leadership Updates"},"content":{"rendered":"

<\/p>\n

Bumble Inc. Announces Senior Leadership Updates<\/b><\/p>\n

Neil Shah appointed to newly created Chief Business Officer position<\/i><\/p>\n

Chief Financial Officer Anu Subramanian and Chief Marketing Officer Selby Drummond to depart in 2025<\/i><\/p>\n

AUSTIN, Texas–(BUSINESS WIRE<\/a>)–
\nBumble Inc. (NASDAQ: BMBL) today announced key updates to the Company\u2019s senior leadership team and reaffirmed the Company\u2019s outlook for fiscal year 2024.<\/p>\n

Appoints New Chief Business Officer<\/i><\/p>\n

\nNeil Shah has been appointed to the newly created role of Chief Business Officer, a key leadership position with responsibility for the execution of Bumble\u2019s strategic transformation, including driving the Company\u2019s revenue model, pricing strategy, and partnerships. Neil has served as an advisor to Bumble Inc. and previously served as Chief Operating Officer and Head of Business Operations at Slack, where he rose through strategy, data and business operations over the last eight years. Earlier in his career, Neil held strategy roles at Twitter, and began his career as a consultant at McKinsey & Co. His appointment is effective immediately.<\/p>\n

\n\u201cSince the start of this year, we have taken bold steps to transform Bumble and strengthen our business to capture the large opportunity ahead, while changing online dating for the better. Our new Chief Business Officer role leverages Neil\u2019s deep experience scaling technology companies and driving business improvements to advance our mission,\u201d said Lidiane Jones, Chief Executive Officer of Bumble Inc. \u201cWith Neil\u2019s partnership and our clear vision for Bumble\u2019s future, we believe we are well positioned to deliver on the tremendous potential we see in the business.\u201d<\/p>\n

Chief Financial Officer to Step Down in March<\/i><\/p>\n

\nAnu Subramanian announced her resignation as Chief Financial Officer to pursue opportunities outside the Company. She will continue to serve in her role through March 14, 2025 including through Bumble\u2019s year-end earnings and the filing of its Form 10-K, and will assist with the transition of her responsibilities. The Company has commenced a search process to identify her successor. Anu joined Bumble as CFO in 2020 and was instrumental in the Company\u2019s 2021 initial public offering and presided over a period of rapid growth and global expansion.<\/p>\n

\n\u201cI want to sincerely thank Anu for her partnership and for her many significant contributions, which have helped grow Bumble into a billion-dollar global business today,\u201d said Jones. \u201cAnu has built a strong finance organization that has supported the Company\u2019s growth and financial discipline, propelling consistent margin improvement and cash generation over the past several years. We are grateful for Anu\u2019s leadership during a critical moment in our Company\u2019s history and wish her all the best in her future endeavors.\u201d<\/p>\n

Chief Marketing Officer to Depart in January<\/i><\/p>\n

\nSelby Drummond announced plans to depart from her role as Chief Marketing Officer in January 2025 to pursue a new opportunity outside the Company. Selby joined Bumble in 2020 and served as Bumble\u2019s Chief Brand Officer prior to being appointed to the CMO role. She helped build Bumble into a recognized and respected global brand and drove strong awareness of the brand\u2019s commitment to kindness, respect and safety.<\/p>\n

\n\u201cSelby has been an outstanding steward of Bumble\u2019s iconic brand over the last four years,\u201d said Jones. \u201cUnder her leadership, the Bumble brand has become well known and respected around the globe. Selby\u2019s many contributions leave us with a strong brand and foundation to build upon for years to come.\u201d<\/p>\n

Affirms Financial Outlook<\/i><\/p>\n

\nIn conjunction with today\u2019s announcement, the Company also reaffirmed its financial outlook for the fourth quarter and full year of 2024, which was previously announced on November 6, 2024.<\/p>\n

Forward-Looking Statements<\/b><\/p>\n

\nThis press release contains \u201cforward-looking statements\u201d within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect the Company\u2019s current views with respect to, among other things, statements related to changes in its senior leadership and its financial outlook for the fourth quarter and full-year 2024. Forward-looking statements include all statements that are not historical facts. In some cases, you can identify these forward-looking statements by the use of words such as \u201coutlook,\u201d \u201cbelieve(s),\u201d \u201cexpect(s),\u201d \u201cpotential,\u201d \u201ccontinue(s),\u201d \u201cmay,\u201d \u201cwill,\u201d \u201cshould,\u201d \u201ccould,\u201d \u201cwould,\u201d \u201cseek(s),\u201d \u201cpredict(s),\u201d \u201cintend(s),\u201d \u201ctrends,\u201d \u201cplan(s),\u201d \u201cestimate(s),\u201d \u201canticipates,\u201d \u201cprojection,\u201d \u201cwill likely result\u201d and or the negative version of these words or other comparable words of a future or forward-looking nature. Such forward-looking statements are subject to various risks and uncertainties. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. These factors include but are not limited to those described under \u201cItem 1A. Risk Factors\u201d in the Company\u2019s Annual Report on Form 10-K for the year ended December 31, 2023 filed with the Securities and Exchange Commission (the \u201cSEC\u201d) as such factors may be updated from time to time in the Company\u2019s periodic filings with the SEC. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in the Company\u2019s filings with the SEC. Forward-looking statements included in this press release are made as of the date hereof, and Bumble Inc. does not undertake any obligation to update these forward-looking statements to reflect subsequent events or circumstances.<\/p>\n

About Bumble<\/b><\/p>\n

\nBumble Inc. is the parent company of Bumble, Bumble For Friends, Badoo, Fruitz and Official. The Bumble platform enables people to build healthy and equitable relationships, through Kind Connections. Founded by Whitney Wolfe Herd in 2014, Bumble was one of the first dating apps built with women at the center and connects people across dating (Date mode), friendship (BFF Mode) and professional networking (Bizz mode). Bumble For Friends app is a friendship app where people in all stages of life can meet people nearby and create meaningful platonic connections. Badoo, which was founded in 2006, was one of the pioneers of web and mobile free-to-use dating products. Fruitz, founded in 2017, encourages honesty and transparency by sharing dating intentions from the first touch point. Official, founded in 2020, is an app that is intended to help couples build healthy and lasting habits in their romantic relationships.<\/p>\n

\nFor more information about Bumble Inc., please visit www.bumble.com<\/a> and follow @Bumble on social platforms.<\/p>\n

\nSource: Bumble Inc.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20241202691364\/en\/<\/a><\/span><\/p>\n

\nInvestor Contact
\n
ir@team.bumble.com<\/a><\/p>\n

\nMedia Contact
\n
press@team.bumble.com<\/a><\/p>\n

KEYWORDS:<\/b> Texas United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Technology Other Communications Women Communications Social Media Men Millennials Apps\/Applications Generation Z Mobile\/Wireless Consumer<\/p>\n

MEDIA:<\/b><\/p>\n\n","protected":false},"excerpt":{"rendered":"

Bumble Inc. Announces Senior Leadership Updates Neil Shah appointed to newly created Chief Business Officer position Chief Financial Officer Anu Subramanian and Chief Marketing Officer Selby Drummond to depart in 2025 AUSTIN, Texas–(BUSINESS WIRE)– Bumble Inc. (NASDAQ: BMBL) today announced key updates to the Company\u2019s senior leadership team and reaffirmed the Company\u2019s outlook for fiscal year 2024. Appoints New Chief Business Officer Neil Shah has been appointed to the newly created role of Chief Business Officer, a key leadership position with responsibility for the execution of Bumble\u2019s strategic transformation, including driving the Company\u2019s revenue model, pricing strategy, and partnerships. Neil has served as an advisor to Bumble Inc. and previously served as Chief Operating Officer and Head of Business Operations … <\/p>\n

Continue reading “Bumble Inc. Announces Senior Leadership Updates”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-791513","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nBumble Inc. Announces Senior Leadership Updates - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/bumble-inc-announces-senior-leadership-updates\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bumble Inc. Announces Senior Leadership Updates - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Bumble Inc. Announces Senior Leadership Updates Neil Shah appointed to newly created Chief Business Officer position Chief Financial Officer Anu Subramanian and Chief Marketing Officer Selby Drummond to depart in 2025 AUSTIN, Texas–(BUSINESS WIRE)– Bumble Inc. (NASDAQ: BMBL) today announced key updates to the Company\u2019s senior leadership team and reaffirmed the Company\u2019s outlook for fiscal year 2024. Appoints New Chief Business Officer Neil Shah has been appointed to the newly created role of Chief Business Officer, a key leadership position with responsibility for the execution of Bumble\u2019s strategic transformation, including driving the Company\u2019s revenue model, pricing strategy, and partnerships. Neil has served as an advisor to Bumble Inc. and previously served as Chief Operating Officer and Head of Business Operations … Continue reading "Bumble Inc. 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