- Push-out Score determined
- After about two years in the position
- Praise and thanks for Dubey
- Bernard Kim taking over
- Dubey said 114 words
(exechange) — Dallas, Texas, May 3, 2022 — Shar Dubey, chief executive of Match, leaves. As announced by Match Group Inc. in a news release and in a regulatory filing published on Tuesday, May 3, 2022, Sharmistha (Shar) Dubey leaves her post as chief executive officer at the online dating company, after about two years in the role, effective May 31, 2022.
Shar Dubey’s duties as CEO will be taken over by Bernard Kim, currently President at Zynga Inc.
The fact that Shar Dubey’s successor is brought in from outside suggests that the board may seek to stimulate change with fresh ideas and new initiatives.
“Pivotal in the company’s expansion to new markets”
Match did not give an explicit reason for Shar Dubey’s departure from the CEO post. Match said: “Kim was instrumental in Zynga’s explosive growth and was pivotal in the company’s expansion to new markets such as blockchain and hyper-casual gaming, as well as new platforms like the Nintendo Switch, Snapchat, and smart home devices.”
Precise information regarding Shar Dubey’s future plans was not immediately available.
“Resigning/step down”
Match said: “[A]fter 16 years in various roles across the organization, Shar Dubey will be resigning as an officer of Match Group, and Bernard Kim, the current President of Zynga, has been named Chief Executive Officer of the Company, effective May 31.”
Match further said: “On May 2, 2022, Sharmistha Dubey announced her intention to step down from her position as Chief Executive Officer of Match Group, Inc. (“Match Group” or the “Company”), effective May 31, 2022.”
“Not a result of any disagreements”
“Ms. Dubey’s resignation was not a result of any disagreements with Match Group on any matter relating to its operations, policies or practices,” Match said.
Match further stated: “The Board engaged a leading global search firm and conducted a robust and extensive search of a diverse slate of candidates for this process.”
Share price decline since May 2021
The announcement follows a decline in Match Group Inc.’s share price of 46% since May 2021.
In the position of CEO since 2020
Shar Dubey became CEO of the Company in 2020.
Dubey will continue to serve as a Director on Match Group’s Board, and will serve as an advisor to the company, allowing her to focus on product strategy while playing an integral role in the transition.
Sharmistha Dubey has served as Chief Executive Officer of Match Group since March 2020 and as a director of Match Group since September 2019.
Dubey served as President of Match Group from January 2018 to March 2020.
Prior to that time, she served as Chief Operating Officer of Tinder from February 2017 to January 2018 and as President of Match Group Americas, where she oversaw the product and business operations for North American dating properties, including the Match U.S. brand, PlentyOfFish, OkCupid and Match Affinity Brands, from December 2015 to January 2018.
Prior to that, she served in multiple roles within the Company: Chief Product Officer of The Princeton Review and Tutor.com from July 2014 to December 2015; Executive Vice President of Tutor.com from April 2013 to July 2014; Chief Product Officer of Match.com from January 2013 through April 2013 and Senior Vice President, Match.com and Chemistry.com from September 2008 through December 2012.
Dubey has served on the boards of directors of Fortive Corporation since August 2020, Naspers Limited since April 2022 and Prosus N.V. since April 2022.
She holds an undergraduate degree in engineering from the Indian Institute of Technology and a master’s in engineering from Ohio State University.
Push-out Score determined
The Push-out Score™ determined by exechange gauges the pressure surrounding Shar Dubey’s move 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 19.2022 ($).
