LOS ANGELES–(BUSINESS WIRE)–The Board of Administrators of Grindr (the “Board”), the #1 social community for the LGBTQ neighborhood, in the present day introduced that George Arison, one of many few brazenly homosexual public firm CEOs within the US, has been named Grindr’s new Chief Govt Officer efficient October 19, 2022. Moreover, Vanna Krantz, former CFO of Disney Streaming Providers, has been appointed Chief Monetary Officer, efficient September 26, 2022. This management announcement is a part of a deliberate transition – initially introduced together with the SPAC transaction in Could – as Grindr prepares for its public itemizing at the moment slated for later within the Fall.
“Grindr is an unbelievable enterprise and I’m past excited to assist them navigate by means of this subsequent a part of their journey. Their laborious work and a laser concentrate on delivering nice merchandise to a starkly underserved market are inspiring, and ship extremely sturdy enterprise outcomes.” stated George Arison, Grindr’s incoming CEO. “Grindr’s mission to attach the LGBTQ neighborhood with each other and the world is a robust driver of success, and supplies a framework by which we will proceed to develop by leaps and bounds within the years to come back. Our neighborhood is deserving of fantastic enterprise providers, and we intend to satisfy and exceed their expectations.”
Arison involves Grindr after 9 years of constructing Shift Applied sciences, Inc., (Nasdaq: SFT), a number one end-to-end auto ecommerce market, the place he was founder and CEO. Previous to Shift, Arison was Co-Founding father of Taxi Magic (now often known as Curb, acquired by VeriFone) and served in positions at Google and BCG. An brazenly homosexual man, and probably the primary brazenly homosexual man to take an organization public, George has additionally labored as a political scholar and advocate in his native nation of Georgia. He serves on the board of Belong Acquisition Company, is an investor in a number of development stage corporations, and has served on Grindr’s Board of Administrators since Could, 2022.
James F. Lu, Chair of the Board, stated, “I’m so happy to have George Arison be part of Grindr’s management staff. Along with his intensive expertise constructing modern companies, and efficiently main them into and thru the general public markets, I imagine there is no such thing as a yet another completely positioned to speed up Grindr’s already sturdy development and profitability. Grindr, with George on the helm, will succeed and develop as a public firm similtaneously it deepens its assist for the LGBTQ neighborhood.”
The Board requested George to steer an intensive seek for a brand new CFO, which led to Krantz’s choice. Krantz brings spectacular expertise to assist Grindr’s transition to being a public firm. Krantz has a various background from each world public corporations and small personal corporations in media, expertise and monetary providers. Because the CFO of Disney Streaming Service, Krantz launched and grew the extremely profitable Disney+ product. Krantz has constructed world class finance features at Passport, Masterclass, and Bamtech Media; she spent her early profession at Thomson Reuters, Credit score Suisse, and PwC. At present, Krantz chairs the audit committees of each Skillz, a web-based gaming platform.
Jeff C. Bonforte and Gary C. Hsueh will step down from their roles as Chief Govt Officer and Chief Monetary Officer, respectively, and transition to advisory roles with the corporate.
“All of us on the small staff that acquired Grindr in June 2020 understood that it had the potential to be an incredible enterprise, wholly centered on serving the LGBTQ neighborhood. Key to the plan was discovering long-term management for the enterprise that had not solely deep skilled expertise, but additionally the life expertise to grasp the distinctive and really actual challenges going through the worldwide LGBTQ neighborhood. George brings each, and is a superb selection to steer Grindr into its public firm future,” stated Jeff C. Bonforte, outgoing CEO of Grindr. “For me, on a private degree, working at Grindr has been an incredible present, it has helped me to see and to have a good time the sumptuous range of our world, and the superior energy of affection.”
About George Arison
George Arison was most just lately Shift Applied sciences, Inc.’s Chief Govt Officer and Chairman and has served as a Director of the identical firm since October 2020. Mr. Arison integrated Shift Platform, Inc. in December 2013 and has served as a Director and Chief Govt Officer since its inception. Previous to co-founding Shift Platform, Inc., he served in numerous positions at Google from 2010 to 2013, most just lately as a product supervisor. From 2007 to 2010, he co-founded Taxi Magic (now often known as Curb, acquired by Verifone). From 2005 to 2007 he labored for Boston Consulting Group. Mr. Arison has been an investor in quite a few startups, together with Shipper, Carrot, Eden, Fathom, AutoLeap, Pulsar AI (acquired by Impel), Zero (acquired by Avant), TravelBank (acquired by U.S. Financial institution), Fyusion (acquired by Cox Automotive) and Omni (acquired by Coinbase). He’s a Co-Founder and member of the board of Administrators of Belong Acquisition Corp., a clean examine firm. Previous to his enterprise profession, Mr. Arison was a coverage analyst and ran a political marketing campaign in Georgia, the nation of his beginning, about which he wrote the e book Democracy and Autocracy in Eurasia: Georgia in Transition. Mr. Arison obtained a bachelor’s diploma from Middlebury School. Mr. Arison and his husband are elevating their two youngsters collectively.
About Vanna Krantz
Vanna Mehta-Krantz was most just lately the Chief Monetary Officer of Passport Labs, Inc., a transportation software program and funds firm and has served because the Chief Monetary Officer of Masterclass, an e-learning streaming platform. From September 2017 to September 2020, Ms. Mehta-Krantz was the Chief Monetary Officer of Disney Streaming Providers, a media firm, through the preparation and profitable launch of the extremely anticipated Disney+ video streaming enterprise. In that position, Ms. Mehta-Krantz was liable for scaling the expertise and enterprise features globally, implementing the methods and processes to deal with the brand new enterprise line, planning and forecasting subscriber counts and monetary outcomes by nation, in addition to creating and publishing the working metrics to run the enterprise. Ms. Mehta-Krantz was additionally the Chief Monetary Officer and a board member for Bamtech Media, a media firm, which launched ESPN+, from September 2017 to August 2020. Beforehand, Ms. Mehta-Krantz held three completely different divisional chief monetary officer roles at Thomson Reuters, a media firm, and held positions at PricewaterhouseCoopers, Merrill Lynch, Morgan Stanley and Credit score Suisse. Ms. Mehta-Krantz has been an impartial director of Skillz Inc. since 2020. Ms. Mehta-Krantz certified for the Chartered Accountancy designation in Canada in 1990 and the Chartered Monetary Analyst designation in 1997. Ms. Mehta-Krantz obtained a bachelor’s diploma in arithmetic from the College of Waterloo in Canada.
About Grindr
With roughly 11 million month-to-month energetic customers in nearly each nation on this planet in 2021, Grindr has grown to develop into a elementary a part of the queer neighborhood since its launch in 2009. The corporate continues to develop its ecosystem to allow homosexual, bi, trans, and queer individuals to attach, specific themselves, and uncover the world round them. Grindr is headquartered in West Hollywood, California. The Grindr app is accessible on the App Retailer and Google Play.
Ahead Wanting Statements
This doc could comprise various “forward-looking statements.” Ahead-looking statements embody info regarding Grindr’s doable or assumed future outcomes of operations, enterprise methods, aggressive place, trade surroundings, and potential development alternatives, together with any potential advantages that could be realized on account of new members of administration. These forward-looking statements are based mostly on Grindr’s administration’s present expectations, estimates, projections and beliefs, in addition to various assumptions regarding future occasions. When used on this press launch, the phrases “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “could,” “will,” “ought to,” “future,” “suggest” and variations of those phrases or related expressions (or the unfavourable variations of such phrases or expressions) are meant to establish forward-looking statements. These forward-looking statements are usually not ensures of future efficiency, circumstances or outcomes, and contain various identified and unknown dangers, uncertainties, assumptions and different essential components, a lot of that are exterior Grindr’s administration’s management, that would trigger precise outcomes to vary materially from the outcomes mentioned within the forward-looking statements. These dangers, uncertainties, assumptions and different essential components embody, however are usually not restricted to: (a) the lack to finish the proposed enterprise mixture as a result of failure to acquire shareholder approval or different circumstances to closing; (b) the danger that the proposed enterprise mixture disrupts present plans and operations of Grindr; (c) the flexibility to acknowledge the anticipated advantages of the proposed enterprise mixture, which can be affected by, amongst different issues, competitors, the flexibility of the mixed firm to develop and handle development profitably, preserve relationships with prospects and suppliers and retain its administration and key workers; (d) prices associated to the proposed enterprise mixture; (d) modifications in relevant legal guidelines or rules; (e) the chance that Grindr could also be adversely affected by different financial, enterprise and/or aggressive components; and (f) the flexibility to implement enterprise plans, forecasts, and different expectations after the completion of the proposed transaction, and establish and notice further alternatives.
The foregoing record of things just isn’t exhaustive. You need to fastidiously take into account the foregoing components and the opposite dangers and uncertainties described within the “Threat Elements” part of the registration assertion on Kind S-Four and different paperwork filed by Tiga Acquisition Corp. (NYSE: TINV) sometimes with the SEC. These filings establish and deal with different essential dangers and uncertainties that would trigger precise occasions and outcomes to vary materially from these contained within the forward-looking statements. You’re cautioned to not place undue reliance upon any forward-looking statements, which communicate solely as of the date made. Besides as required by legislation, Grindr undertakes no obligation to replace or revise its forward-looking statements to replicate occasions or circumstances after the date of this launch.
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