Tinder CEO Jim Lanzon to be Yahoo’s next CEO after Apollo acquisition

Tinder CEO Jim Lanzon to be Yahoo's next CEO after Apollo acquisition

Tinder CEO Jim Lanzon will be Yahoo’s new chief, according to a memo obtained by CNBC on Friday.

You can check out the full memo from former Yahoo boss Guru Govarappan announcing the changes below. Gorappan said he would now serve as an adviser to Yahoo.

CNBC reported last month that Govarappan was unsure of his future employment status as private equity firm Apollo closed its Yahoo deal on September 1. The CEO swap came just eight days after Apollo took control of Yahoo.

Team –

We have entered a new chapter in our history and I am very proud of what we have accomplished together over the past three years. Like the start of any subsequent chapter, it is a natural moment of transition. I decided to take on a new role as Apollo’s senior advisor.

This role will allow me to support my next phase of growth and continued investment in the business. Therefore, I am delighted to welcome Jim Lanzon as the new CEO of Yahoo, effective September 27, 2021. Jim is a seasoned technology and media leader with over two decades of leadership experience and a solid experience in growth, innovation and entrepreneurship. . I am sure he will be a great leader for the new Yahoo! Jim and I will work together to ensure a smooth transition, and I have no doubts that he will build on our successes and guide us into our future. What an incredible trip this has been.

I joined the company three years ago at Verizon. Today, we are a stand-alone company with significant growth potential beyond what we have achieved so far. We have the best team with the right products, materials, and technology to shape Yahoo’s future.

To reiterate what has been said over and over again over the past few months, this next chapter is a testament to the great work you have done against a focused strategy. Together we are resuming growth, and I am grateful for calling you my colleagues and friends. Now, I look forward to supporting and encouraging your continued success. I couldn’t be prouder.

Please join me for an open house this morning at 10:05 am PT / 1:05 pm ET. Calendar invites to come.

best master

This is last minute news. Please check for updates.

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