(Reuters) – Bumble (NASDAQ:) stated on Monday Anu Subramanian will step down as chief monetary officer, efficient March 14, 2025.
Subramanian, who joined the courting app operator as CFO in 2020, performed a key position within the firm’s preliminary public providing in 2021.
Bumble has begun looking for Subramanian’s successor.
Shares of the corporate fell 1.7% in early morning buying and selling.
In different management adjustments, Bumble’s Chief Advertising and marketing Officer, Selby Drummond, can be departing in January subsequent yr, the corporate stated on Monday. She joined Bumble in 2020 and beforehand served as Chief Model Officer.
The corporate additionally appointed Neil Shah to the newly created position of Chief Enterprise Officer. Shah will oversee strategic transformation, together with driving the income mannequin, pricing technique, and partnerships.
Final month, the Austin, Texas-based firm reported its first quarterly gross sales decline since going public, signaling that it could take longer for the corporate to spice up its sluggish progress fee.
The corporate has intensified its promotional efforts to draw youthful customers and ladies by launching a refreshed Bumble app and new options.
Elevated borrowing prices have led to diminished person spending on the women-centric courting app and its premium choices, constraining progress after a post-pandemic surge.
Bumble reaffirmed its monetary outlook for the fourth quarter and full yr of 2024.
