Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Tinder's CEO Is Stepping Down

James CookNov 4, 2014, 17:58 IST

Tinder CEO Sean Rad is stepping down, Steve Bertoni at Forbes reports.

IAC, Tinder's largest stakeholder, is looking for an adult CEO to replace Rad, who has had a tumultuous year.

Forbes has the inside story on Rad's move. He's going to stay on as CEO until the company finds "an Eric Schmidt-like person."

Complimentary Tech Event

Transform talent with learning that works

Capability development is critical for businesses who want to push the envelope of innovation.Discover how business leaders are strategizing around building talent capabilities and empowering employee transformation.Know More

Insiders say Tinder's recent sexual harassment lawsuit was also to blame for Rad's downfall. Tinder's ousted cofounder Whitney Wolfe accused Rad, as well as cofounder Justin Mateen, of sexually harassing her. The suit was settled in September.

Forbes also reports that Tinder's monetization plan, Tinder Plus, will roll out "imminently." The premium content will include a travel feature, allowing users to visit other cities and swipe through matches there, and an "undo" feature.