The popular dating app Tinder’s CEO Chris Payne is stepping down. Co-founder and president Sean Rad taking over again, according to a report from Re/code.
Payne came in March from Positronic, after it was after it acquired by ebay.
Rad announced his was stepping down back in November to become president after last year was chaotic for the dating company. Co-founder Whitney Wolfe sued the company, in a very public fight, for sexual harassment by co-founder Justin Mateen. He left the company and the lawsuit was settled.
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Payne was brought on to help Tinder make money as it entered a more established phase. The company rolled out its first paid product, “Tinder Plus, ” which lets users pay a monthly fee to undo decisions to pass on a potential romantic match and to see potential matches in other places in the world ().
Benchmark partner and Tinder board member Matt Cohler told Re/Code that it quickly became clear that Payne was not as good a fit as anticipated and that the company decided to make a change. It’s unclear whether Rad will permanently stay on as CEO of if this is temporary.
Tinder uses location to serve up matches nearby.
Greg Blatt, an executive at Tinder’s parent company IAC, is becoming executive chairman.
