CEO of Tinder Gets Demoted by IAC
Sean Rad, the CEO of Tinder, is being demoted to president by the app's parent company.
Sean Rad, the co-founder and CEO of the dating app Tinder, is being demoted to president in order to “focus on the product.” The move was first reported by Forbes, which chronicles the rise of the app and its struggles — most notably a sexual harassment controversy.
Earlier this year, the company’s former VP of marketing Whitney Wolfe sued the company for “sexual harassment and sex discrimination.” Tinder’s chief marketing officer, Justin Mateen, was suspended (and subsequently resigned).
Forbes cites an unnamed insider, who said: “If the Whitney thing didn’t happen it would be difficult for IAC to demote Sean, because they’d have a lot to answer for… But the lawsuit gave them an out.”