Bumble founder and CEO Whitney Wolfe Herd announced that she will depart from her current position with the online dating app she created 10 years ago.
Lidiane Jones, the current CEO of workplace communication company Slack, will take her place as CEO in January.
The 34-year-old Wolfe Herd will continue as the Executive Chair of the company.
Wolfe Herd’s meteoric rise began at rival dating company Tinder which she helped to found before leaving in 2014 amid a lawsuit and accusations she made of sexual harassment and discrimination.
She quickly created a rival for her old company when she founded Bumble, a dating app that allows women to make the first move.
The app has been extremely popular and currently has as many as 12.3 million active monthly users with 38% of the dating market, which puts the company in a statistical tie with Tinder.
The company went public in 2021 and Wolfe Herd became a self-made billionaire at age 31.
The stock has since come down off its lofty heights and there are questions about the dating app market in general.
Match Corporation, the owner of Tinder, Match.com, and several other dating apps, has similarly struggled to continue to retain users.
Lidiane Jones joins Bumble with a clear goal to shake things up.
This includes the use of AI as a mechanism to help users get better and faster profile matches.
Jones offered her thoughts saying, “As a woman who has spent her career in technology, it’s a gift to lean on my experience to lead a company dedicated to women and encouraging equality, integrity and kindness, all deeply personal and inspiring to me.”