What just happened? Tinder CEO Jim Lanzone has been named as the side by side caput of Yahoo. Apollo Global Management made the annunciation on Fri, just one calendar week subsequently completing its acquisition of the Net pioneer. With new management and new leadership, will Yahoo exist able to return to its quondam celebrity?

Verizon back in May, if you recall, decided to offload AOL and Yahoo to Apollo Global Management as part of a deal valued at $v billion. It was a significant loss for Verizon, considering the visitor had paid $4.4 billion for AOL in 2022 and $4.48 billion for Yahoo the following year.

Lanzone is described as a seasoned executive with more than two decades of engineering science and media experience under his belt. He was appointed by Match Grouping as Tinder'southward CEO on July 27, 2022, but before that, he led CBS Corporation's digital operations, overseeing more than xxx digital media brands.

Lanzone, who also serves equally a fellow member of the board of directors of GoPro, volition succeed electric current Yahoo CEO Guru Gowrappan, who has been named senior advisor to Apollo's private disinterestedness business. Yahoo Chairman and Apollo Partner Reed Rayman said they are confident that with his experience and proven management skills, Lanzone is the right person to atomic number 82 Yahoo through a transformational phase.

Lanzone will become Yahoo'southward CEO on September 27, 2022.

Tinder, meanwhile, said Renate Nyborg will fill its vacancy. Nyborg joined the company every bit general managing director of Europe, Heart East and Africa final twelvemonth. Her outset day as CEO will also exist September 27.

Image credit David Paul Morris, Bloomberg