CEO of Tinder steps down

Tinder has announced a few changes to its leadership team, including the stepping down of CEO, Christopher Payne with immediate effect.

"It's only been a few months, but there was mutual agreement here that it was not the right long-term fit, and given Tinder's rapid growth trajectory both Christopher and the Board thought prompt action was best for everyone," said Matt Cohler, of Benchmark, a Tinder director.

"We appreciate Christopher's work here and wish him well in future endeavors."

The company has announced that Sean Rad, founder of Tinder, will be taking Payne's place as CEO.

Payne said, "I enjoyed my time at Tinder but we mutually determined that this wasn't going to be optimal and thought that a quick transition served everybody best. I think Tinder's going to be an incredible company."

Commenting on his new role, Rad said, "I'm committed to continuing to drive Tinder's growth and to make Tinder one of the great businesses of our time. I look forward to working closely with Greg to make that happen."

Additionally, Tinder has announced that they have a newly created position of executive chairman of Tinder, which will be filled by Greg Blatt, chairman of The Match Group.

Blatt said, "Tinder is in a great position right now, and I look forward to helping Sean and the team develop the capabilities it needs to achieve our lofty ambitions."

"We intend to continue to add experience and talent to the already talented core Tinder team, and to scale to meet our ongoing growth. The future's incredibly bright."

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