- Push-out Score determined
- After about two years in the position
- Praise and thanks for Ginsberg
- Shar Dubey taking over
(exechange) — Dallas, Texas, January 28, 2020 — Mandy Ginsberg, chief executive of Match, leaves. As announced by Match Group Inc. in a news release on Tuesday, January 28, 2020, Amanda (Mandy) Ginsberg leaves her post as chief executive officer at the provider of dating products after about two years in the role, effective March 1, 2020.
Among the 3,000 largest publicly held companies incorporated in the U.S. based on market capitalization, the average tenure of the CEOs who announced their departure over the past 12 months was 7.5 years, according to data compiled by exechange. On an accumulated basis, around 27% of the CEOs who announced their departure over the past 12 months left their posts within three years.
Mandy Ginsberg’s duties as CEO will be taken over by Sharmistha (Shar) Dubey, currently President of Match Group Inc.
Mandy Ginsberg’s move is part of a management shake-up also involving the positions of Chief Operating Officer; Chief Strategy Officer; and Chief Communications Officer.
No reason given
In the announcement, Match did not explicitly explain the reason for Mandy Ginsberg’s move.
Precise information regarding Mandy Ginsberg’s future plans was not immediately available.
“Leaving”
Match said: “Match Group (NASDAQ: MTCH) today announced that after 14 years, Mandy Ginsberg will be leaving the company and stepping down from the Board of Directors. Ms. Ginsberg will be handing the reigns [sic!] to her longtime deputy, Shar Dubey, who currently serves as the President of Match Group. Ms. Dubey will assume her role effective March 1.”
Share price increase since December 2017
The announcement follows an increase in Match Group Inc.’s share price of 187% since December 2017.
Chaired by Joey Levin
Match Group Inc. is chaired by Joey Levin.
Joseph Levin has been Chairman of the Board (in an non-executive capacity) of Match Group since December 2017 and a director of Match Group since October 2015.
In the position of CEO since 2017
Mandy Ginsberg became CEO of the Company in 2017.
Amanda Ginsberg has served as Chief Executive Officer and a director of Match Group since December 2017.
Prior to that time, she served as Chief Executive Officer of Match Group Americas, where she was responsible for the Match U.S. brand, Match Affinity Brands, OkCupid, PlentyOfFish, ParPerfeito and overall North and South American expansion from December 2015 to December 2017.
Prior to that, she served in several roles within the Company: Chief Executive Officer of The Princeton Review from July 2014 to December 2015; Chief Executive Officer of Tutor.com from April 2013 to December 2015; Chief Executive Officer from October 2012 to March 2013 and Senior Vice President and General Manager from September 2008 to October 2012 of Match.com; and Vice President and General Manager from March 2006 to September 2008 of Chemistry.com.
She has served as a director of J. C. Penney Company, Inc. since July 2015 and served as a director of Care.com from 2012 to 2014. She holds an undergraduate degree from the University of California at Berkeley and an MBA from The Wharton School of the University of Pennsylvania.
Push-out Score determined
The Push-out Score™ determined by exechange gauges the pressure surrounding the management change on a scale of 0 to 10.
exechange reached out to Match and offered the company the opportunity to comment on the score.
Read the full story in the exechange report 5.2020 ($).
