But he’s not leaving the company he founded entirely, reports Recode. Rad will become Tinder‘s chairman with Match Group CEO Greg Blatt slipping into the role of Tinder’s new CEO. Rad will now run an investment vehicle inside Match Group called Swipe Ventures that aims to “expand Tinder’s footprint through acquisitions, development of new businesses, and investments in new and existing businesses, all within the dating and the broader social space,” according to a press release. Unlike the first time Rad stepped down as CEO, where he was pushed out of the role in 2015, Rad says this move was “80% my idea.” He went on to say: “It was certainly initiated by me and it took a while to get everyone comfortable with it, but I think I successfully was able to get everybody to realize why this is the best thing for the company in the long run.”MG
collectionsInnovation FestivalCurrent Issue
World Changing Ideas
New workplaces, new food sources, new medicine--even an entirely new economic system.
The major tech ecosystems that battle for our attention and dollars.
What’s next for hardware, software, and services.
The brave new world of automation, from AI to drones.
How our urban centers are building toward the future.
Most Creative People
See members of our Most Creative People in Business community: leaders who are shaping the future of business in creative ways.
An award-winning team of journalists, designers, and videographers who tell brand stories through Fast Company's distinctive lens.