lgbtq reports

Grindr announces new CEO ahead of going public

Reading now: 193

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 landmark 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. “Grindr is an unbelievable business, and I am beyond excited to help them navigate through this next part of their journey.

The website is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News