DALLAS — This article was originally published by our content partners at the Dallas Business Journal. You can read the original article here.
Dallas-based Match Group Inc. — which oversees dating platforms such as Tinder, Hinge, Match, OkCupid and PlentyOfFish — will soon have a new chief financial officer.
Steven Bailey will take over the role on March 1, when Gary Swidler transitions out of the role. Swidler will remain president of Match Group, the company announced Oct. 7, but the move gives Match (Nasdaq: MTCH) more executive firepower focused on financial operations in the C-suite. Swidler has been CFO since 2015, according to his LinkedIn page.
Bailey is currently senior vice president of financial planning and business operations. He’s been with Match Group since 2012.
As CFO, Bailey will oversee investor relations, accounting, tax and treasury and will retain his current responsibilities managing financial planning, facilities, security, crisis management and more, according to the announcement.
"I'm grateful for the opportunity to play a larger role in a company and category I truly love," Bailey said in a statement. "I'm eager to collaborate with BK, Gary and the entire leadership team. Together we will continue to build on Match Group's commitment to innovation, growth, and profitability to drive long-term value for shareholders."
"BK" is Bernard Kim, who took over as CEO in 2022.
Bailey previously was CFO of Match Group Americas. He worked for Dow Jones before coming to Match Group.
"I'm confident Steve is the right person to take the reins from me," Swidler said in a statement. "We have worked together for a long time and I expect a very smooth transition. He will be a great leader for this company for many years to come. With Steve overseeing the financial functions, I look forward to focusing on our broader portfolio strategy and driving the company's future growth."
Match Group will host its inaugural Investor Day in New York City on Dec. 11. The company in July reported that its second quarter revenue increased 4% year-over-year to $864 million. It also outlined plans to reduce its global workforce by about 6%, expected to save about $13 million a year.13 million.
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