Bumble founder Whitney Wolfe Herd to return as CEO

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• Whitney Wolfe Herd, the founder of Bumble, will resume her role as the company's CEO in mid-March.
• Wolfe Herd has stepped down from his role, and Lidiane Jones has taken his place, leading Salesforce's Slack effort.
• The CEO of Bumble, Jones, has resigned for "personal reasons," according to Bumble.

Friday.

The cloud-based messaging service Slack. Whitney Wolfe Herd will continue to lead Bumble until she steps down in mid-March.

"I am deeply thankful for the groundbreaking work Lidiane has accomplished during a critical period for Bumble, and her leadership has been essential in creating a solid foundation for our future to come," Wolfe Herd said in a statement.

Its market capitalization has fallen from $7.7 billion at its initial public offering to approximately $847 million.

The company announced on Friday that it anticipates exceeding the midpoint of its previously provided revenue projections for both total revenue and Bumble App revenue, specifically for the fourth quarter. In addition, it is forecasting that its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) will fall within the previously disclosed range.

The company's stock price decreased by more than 1% at the end of the week.

In addition to the CEO transition, Bumble stated that Ann Mather, currently a lead director at the company, will become the chair of the board of directors.

We're lucky to have a committed and involved founder in Whitney leading Bumble as the Company moves forward with its plans.