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Match Group Appoints Laura Jones and Spencer Rascoff to Board of Directors

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Match Group Appoints Laura Jones and Spencer Rascoff to Board of Directors

Match Group Appoints Laura Jones and Spencer Rascoff to Board of Directors

PR Newswire

Published on : Apr 2, 2024

Appointments Follow Constructive Engagement with Elliott Investment Management 

Match Group, announced today that it has appointed Laura Jones and Spencer Rascoff to the Company's Board of Directors, effective immediately.

"We are pleased to welcome Laura and Spencer to the Match Group Board as part of our ongoing efforts to add skills and expertise that complement the capabilities of our existing directors and will further support the Company's long-term success," said Tom McInerney, Chairman of Match Group. "Laura has deep experience creating best-in-class marketing organizations that have shaped brands and fueled growth, and Spencer is a distinguished entrepreneur with a proven track record of building and scaling consumer internet businesses. This is a time of great opportunity for Match Group, and we believe Laura and Spencer will be additive as we deliver on our strategy to drive value."

"At Match Group, we are focused on continuously innovating and evolving our global platform," said Bernard Kim, Chief Executive Officer at Match Group. "To that end, we are executing strategies to enhance performance at Tinder, continue to drive growth at Hinge and improve user experiences across our platform to meet changing needs and expectations. I look forward to collaborating with Laura, Spencer and the rest of the Board as we create value by connecting millions of people around the world in meaningful ways."

"I'm honored to be joining the Match Group Board during this incredibly important time for the Company as it continues to evolve and address the changing needs of its customers," said Ms. Jones. "I look forward to working with the rest of the Match Group Board and management team and bringing my global marketing and product expertise to the Company as it focuses on driving long-term user and revenue growth."

"I'm joining the Match Group Board because of the opportunity to build on the Company's disruptive technology and AI to evolve existing brands and build new ones," said Mr. Rascoff. "Match Group has a strong foundation, and I am eager to accelerate the momentum underway to generate value for all stakeholders."

The appointments followed a constructive dialogue with Elliott Investment Management, L.P. (together with its affiliates, "Elliott"), with which the Company also entered into an information-sharing agreement to facilitate ongoing collaboration toward the Board's goal of driving sustainable value for all shareholders. 

Marc Steinberg, Partner at Elliott, said, "We are one of the largest investors of Match Group today because we believe in its opportunity for significant value creation as the global leader in online dating. We appreciate the collaboration with management and the Board over the past several months, and we are confident that Laura Jones and Spencer Rascoff are strong additions to the Board. We believe their unique skills and perspectives will help support the Company through its next phase of growth, and we look forward to continuing our collaboration with Match Group and its management team as the Company executes on the substantial opportunity ahead."

Mr. McInerney continued, "We have engaged constructively with Elliott and appreciate the feedback they have shared. We remain confident in our portfolio strategy and our ability to drive long-term sustainable growth and increase profitability."

Match Group looks forward to continuing to engage with Elliott and all its shareholders, including at an investor day, to showcase the Company's full management team and business prospects. The Company will provide more details on the investor day once a date for the event has been set.