Tinder’s boss Jim Lanzone has been appointed as the new chief executive officer of Yahoo, a recently purchased online media company from Verizon Communications Inc. This came after Apollo Global Management Inc. renamed the company to Yahoo, an iconic digital brand of Verizon.
The appointment was made last Friday and it is coming few days after Apollo Global Management Inc. has completed the purchase of Apollo Global Management Inc. Lanzone replaces Guru Gowrappan, who led Verizon’s media business since 2018 and has now been named senior adviser to Apollo’s private equity business.
Apollo Global Management Inc earlier this month purchased Verizon Media and renamed it Yahoo after Verizon’s iconic digital brand. AOL, TechCrunch, Makers, Ryot and Flurry were some of the other brands under the Verizon Media umbrella. The acquisition is said to be worth $5 billion.
“Jim Lanzone is Yahoo.com’s new CEO. He was formerly Tinder’s CEO.”
An analyst, Scott Kessler speaking on Lanzone’s appointment said he makes a good fit for Yahoo, given his stint with CBS Interactive where he oversaw digital media brands and drove the development of the company’s streaming services, including CBS All Access.
Separately, Match Group, the parent of Tinder, named Renate Nyborg as CEO of the dating app to replace Lanzone.
Nyborg, who served as Tinder’s general manager in Europe, Middle East, and the Africa region, is also the first woman to take the job since Tinder’s inception in 2012.
Yahoo.com has been recently being recognized as the fifth most visited country in the United States and other countries.