Tinder brings back founder Sean Rad as CEO
Founder Sean Rad is stepping back into the role of CEO, reports Re/code's Kara Swisher. He had previously stepped away from the dating app in November 2014.Chris Payne, who had been serving CEO, only lasted five months at the position. He was hired in March 2015 to lead Tinder.
"It's only been a few months, but everyone came to the realization, the board and Christopher, and all agreed it wouldn't work out long term," Cohler told Re/Code. Business Insider has reached out to Tinder for additional comment and will update if we here back.Rad had originally left the role as CEO because the company was looking for a more experienced, "Eric Schmidt-like person" as the company's next CEO. However, insiders told Forbes at the time of Rad's original departure that Tinder's recent sexual-harassment lawsuit was also to blame for Rad's leaving the company.
Tinder's ousted cofounder Whitney Wolfe accused Rad, as well as cofounder Justin Mateen, of sexually harassing her. The suit was settled in September 2014, with Forbes reporting that Wolfe gained over $1 million in the settlement.Developing...
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