Ex-Chief Executive Officer of the dating app Tinder, Jim Lanzone, is now the new boss at Yahoo. This change in CEO comes on the heels of the takeover of the internet company by American private equity fund Apollo Global Management.
As part of this $ 5 billion transaction involving the former media division Verizon Media of US telecommunications giant Verizon, the Yahoo and AOL brands were merged into a single entity taking the name Yahoo. According to Apollo Global Management, Yahoo still has nearly 900 million monthly active users worldwide.
Lanzone will be taking over the reins of Yahoo formally from September 27 and he will be replacing Guru Gowrappan who has held the position of boss of Yahoo since 2018. The latter will have an advisor role to Apollo.
On the Tinder side, Jim Lanzone is replaced by Renate Nyborg who was previously in charge of Tinder’s activities in the EMEA zone (Europe, Middle East and Africa).
Yahoo now operates as a stand-alone company under the umbrella of funds affiliated with Apollo. “I am honored to have the opportunity to lead Yahoo and represent such an iconic portfolio of brands as we enter a new era of transformation for the company,” said Jim Lanzone.