Grindr has named a new CEO ahead of its landmark public listing.
Back in May, the popular LGBTQ+ dating app announced that it would become a public company after agreeing on a $2.1 billion merger deal with Tiga Acquisition Corp (TAC).
“It has been the longstanding goal of Grindr’s current ownership and management that Grindr be led by members of the LGBTQ+ community,” the company said in a statement.
“Working together, Grindr’s board and management have identified and been in discussions with a potential new chief executive officer candidate who would bring a depth and breadth of experience across technology, finance, and management, including time spent in an executive leadership role at a public company.”
Under the landmark deal, Grindr is set to receive $384m (£475.5m), with the rollover equity being valued at $2.1bn (£1.7bn).
Alongside the merger, the company also announced plans to hire an LGBTQ+ CEO.
After a few months of silence, Grindr finally revealed that George Arison would be stepping into the coveted role.
According to a report from Business Wire, the openly gay business professional previously served as CEO of Shift Technologies for nine years.
into public? https://t.co/ss4rhARET5
— Grindr (@Grindr) May 9, 2022
“Grindr is an unbelievable business, and I am beyond excited to help them navigate through this next part of their journey. Their hard work and a laser focus on delivering great products to a starkly underserved market are inspiring, and deliver incredibly strong business results,” Arison said in a statement.
“Grindr’s mission to connect the LGBTQ community with one another and the world is a powerful driver of success, and provides a framework by which we can continue to grow by leaps and bounds in the years to come. Our community is deserving of amazing business services, and we intend to meet and exceed their expectations.”
James F. Lu, who serves as the company’s board chair, expressed his excitement for Arison’s new role in an additional statement.
“Grindr, with George at the helm, will succeed and grow as a public company at the same time as it deepens its support for the LGBTQ community,” he said.
Alongside Arison’s inclusion, Vanna Krantz also joined the Grindr team as its new Chief Financial Officer.
Since its introduction in 2009, the beloved dating app has become a popular fixture within the LGBTQ+ community.
According to the Financial Times, Grindr has over 11 million active users, with at least 723,000 individuals listed as paying customers.
People aged 35 and younger also make up 80% of the app’s profiles.
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