Jim Lanzone, CEO of Tinder, will turn into Yahoo’s subsequent CEO after the Apollo acquisition
Jim Lanzone speaks during the Web Summit 2018 in Lisbon, Portugal on November 8, 2018.
Pedro Fiuza | NurPhoto | Getty Images
Jim Lanzone, CEO of Tinder, will become the new head of Yahoo, according to a company memo CNBC received on Friday.
You can read the full memo from former Yahoo chief Guru Gowrappan announcing the change below. Gowrappan said he will now serve as an advisor to Yahoo.
CNBC reported last month that Gowrappan was unsure of his future job status as private equity firm Apollo completed its transaction on September 1 of Yahoo, formerly known as Verizon Media. Apollo said Gowrappan was Yahoo’s CEO last week in his announcement that the acquisition was complete. The CEO swap comes just eight days after Apollo took control of Yahoo.
Here is Gowrappan’s memo to Yahoo employees:
We have opened a new chapter in our history and I am very proud of everything we have achieved together over the past three years. Like the beginning of every next chapter, this is a natural moment for transition. I have decided to take on a new role as Apollo’s Senior Advisor.
This role will allow me to support our next phase of growth and continued investment in the company. Therefore, I am pleased to welcome Jim Lanzone as the new CEO of Yahoo effective September 27, 2021. Jim is a seasoned technology and media leader with two decades of leadership experience and a long track record of growth, innovation and entrepreneurship. I firmly believe that he will be a great leader for the new Yahoo! Jim and I will work together to ensure a seamless transition and I am confident that he will build on our successes and guide us into our future. What an incredible trip it was.
I joined the company three years ago as part of Verizon. Today we are an independent company with considerable potential to grow beyond what we have achieved so far. We have the best team with the right products, content and technology to shape the future of Yahoo.
To reiterate what has been said many times over the past few months, this next chapter is testament to the great work you have done in terms of focused strategy. Together we returned to growth and I am grateful to call you my colleagues and friends. Now, I look forward to supporting and fueling your continued success. I couldn’t be more proud.
Please join me for an open house today at 10:05 a.m. PT / 1:05 p.m. ET. Calendar invite to come.
Best of all, guru
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