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Fortune
Fortune
Emma Hinchliffe, Joseph Abrams

Bumble founder Whitney Wolfe Herd is stepping down as CEO

(Credit: Courtesy of Bumble)

Good morning, Broadsheet readers! Philanthropist and political contributor Barbara Lee plans to retire and wind down spending, women are outpacing "biohacking" bros, and Bumble founder Whitney Wolfe Herd is ready for a new chapter. Have a great Tuesday!

- The right swipe. In the nine years since she founded the dating app Bumble, Whitney Wolfe Herd has led several versions of the company. First, she was a hyper-visible founder backed by a quiet majority shareholder. Then, in 2019 she bought him out with the help of Blackstone and became the CEO of a new parent company. In 2021, Wolfe Herd became the youngest woman to take a company public.

Yesterday, she announced a step into the next phase of her career and Bumble's existence. Wolfe Herd will step down as CEO of parent company Bumble Inc., she said, and become executive chair in January. Her successor is Lidiane Jones, the CEO of Slack.

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