Yahoo names Tinder CEO as new chief

Yahoo has hired away Tinder's top executive to become its new chief executive officer.

Yahoo appoints Tinder's CEO as new leader

Yahoo has announced the appointment of Jim Lanzone, the former CEO of Tinder, as its new chief executive officer, effective September 27. This change comes shortly after Apollo Management Group's acquisition of Yahoo from Verizon for $5 billion. Lanzone takes over from Guru Gowrappan, who has led the company since 2018 and is transitioning to a senior adviser position. With a background that includes significant leadership roles at CBS and IAC, Lanzone is expected to lead Yahoo into a new phase of growth. Yahoo's leadership expressed confidence in his management skills and indicated plans for substantial investment in user experience, aimed at enhancing its brands in various sectors.

The move to bring in a leader from a vibrant tech sector like Tinder signals Yahoo's ambition to revitalize its brand and user engagement. With digital experience under his belt, Lanzone could serve as a catalyst for innovation. However, challenges remain, particularly concerning the integration of past acquisitions. The remark from Yahoo's chairman about leveraging their platform underlines a critical issue: can they adapt quickly enough to compete effectively against tech giants?

Highlights

Yahoo's next steps under Lanzone will be closely watched as it seeks to reclaim its position in a competitive digital landscape.