Company to Hold Inaugural Investor Day on
December 11th
DALLAS, Oct. 7, 2024
PRNewswire/ -- Match Group today announced the appointment of
Steven Bailey as Chief Financial
Officer, effective March 1st, 2025.
Gary Swidler will transition out of
his CFO role on that date and continue in his position as President
of Match Group.
Bailey, currently the Senior Vice President of Financial
Planning & Business Operations, has held leadership roles
across these areas of Match Group since 2012. His expertise spans
financial strategy, operational efficiency, and corporate planning
across the Company's diverse portfolio of brands. His promotion to
CFO underscores the Company's focus on driving long-term strategic
growth and exercising strong cost discipline. In his new role,
Bailey will oversee investor relations, accounting, tax, and
treasury, in addition to his current responsibilities.
"Steve has played a key role in shaping our financial strategies
and driving our success for over a decade. His deep expertise in
managing financial functions across our portfolio of brands, along
with his oversight of key operational areas such as real estate and
business technology, make him the ideal choice for CFO," said
Bernard Kim, Match Group CEO. "With
Steve's deep understanding of our business and his operational
expertise, combined with the strength of our leadership team and
strategic direction, I'm confident that Match Group is
well-positioned for long-term success."
"I'm grateful for the opportunity to play a larger role in a
company and category I truly love," said Steven Bailey. "I'm eager to collaborate with
BK, Gary, and the entire leadership team. Together we will continue
to build on Match Group's commitment to innovation, growth, and
profitability to drive long-term value for shareholders."
"I'm confident Steve is the right person to take the reins from
me," commented Gary Swidler. "We
have worked together for a long time and I expect a very smooth
transition. He will be a great leader for this company for many
years to come. With Steve overseeing the financial functions, I
look forward to focusing on our broader portfolio strategy and
driving the Company's future growth."
Match Group will host its inaugural Investor Day in New York City on December 11th at 9:00 a.m.
Eastern Time (ET). This event will offer a comprehensive
overview of the Company's long-term vision, product roadmaps, and
key growth initiatives. Senior leaders including CEO Bernard Kim, President and CFO Gary Swidler, CTO Will
Wu, and incoming CFO Steven
Bailey, along with the leaders of Tinder, Hinge, Evergreen
& Emerging, and MG Asia, will share insights into Match Group's
diverse portfolio of brands, its innovative approach to shaping the
future of the dating industry, and the Company's strategies for
driving sustained shareholder value.
The event along with supporting materials will be able to be
accessed live or via an archived replay through the Company's
website at ir.mtch.com/investor-relations. Space for the event is
limited and therefore in-person attendance is by invitation only
and advanced registration is required. Analysts and institutional
investors interested in attending are encouraged to contact Match
Group Investor Relations at investorday@match.com.
About Steven
Bailey
Steven Bailey
has been the Senior Vice President of Financial Planning and
Business Operations at Match Group since 2022, where he oversees
key functions including financial planning & analysis, real
estate & facilities, security & crisis management,
workplace experience, central data engineering, and business
technology, globally.
Steven joined Match Group in 2012 and has held positions of
increasing responsibility with the Company, including Chief
Financial Officer of Match Group Americas. Prior to Match Group,
Steven served as Manager, Financial Planning & Analysis, for
Dow Jones. He began his career at Heritage Building Group, where he
held various finance and operations roles.
Steven holds an M.B.A. in Finance from Lehigh University. He also holds a B.A. in Finance
from Bloomsburg University.
About Match Group
Match Group (NASDAQ: MTCH), through
its portfolio companies, is a leading provider of digital
technologies designed to help people make meaningful connections.
Our global portfolio of brands includes Tinder®,
Hinge®, Match®, Meetic®,
OkCupid®, Pairs™, PlentyOfFish®,
Azar®, BLK®, and more, each built to increase
our users' likelihood of connecting with others. Through our
trusted brands, we provide tailored services to meet the varying
preferences of our users. Our services are available in over 40
languages to our users all over the world.
Safe Harbor Statement Under the Private Securities Litigation
Reform Act of 1995
This release may contain "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995. All statements that are not historical facts
are "forward looking statements." The use of words such as
"anticipates," "estimates," "expects," "plans", "aims" and
"believes," among others, generally identify forward-looking
statements. These forward-looking statements include, among others,
statements relating to: Match Group's future financial performance,
Match Group's business prospects and strategy, anticipated trends,
and other similar matters. These forward-looking statements are
based on management's current expectations and assumptions about
future events, which are inherently subject to uncertainties, risks
and changes in circumstances that are difficult to predict. Actual
results could differ materially from those contained in these
forward-looking statements for a variety of reasons, including,
among others: our ability to maintain or grow the size of our user
base, competition, the limited operating history of some of our
brands, our ability to attract users to our services through
cost-effective marketing and related efforts, our ability to
distribute our services through third parties and offset related
fees, risks relating to our use of artificial intelligence, foreign
currency exchange rate fluctuations, the integrity and scalability
of our systems and infrastructure (and those of third parties) and
our ability to adapt ours to changes in a timely and cost-effective
manner, our ability to protect our systems from cyberattacks and to
protect personal and confidential user information, risks relating
to certain of our international operations and acquisitions, damage
to our brands' reputations as a result of inappropriate actions by
users of our services, uncertainties related to the tax treatment
of our separation from IAC, uncertainties related to the
acquisition of Hyperconnect, including, among other things, the
expected benefits of the transaction and the impact of the
transaction on the businesses of Match Group, and macroeconomic
conditions. Certain of these and other risks and uncertainties are
discussed in Match Group's filings with the Securities and Exchange
Commission. Other unknown or unpredictable factors that could also
adversely affect Match Group's business, financial condition and
results of operations may arise from time to time. In light of
these risks and uncertainties, these forward-looking statements may
not prove to be accurate. Accordingly, you should not place undue
reliance on these forward-looking statements, which only reflect
the views of Match Group management as of the date of this release.
Match Group does not undertake to update these forward-looking
statements.
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SOURCE Match Group
