Business
Match Group Announces Important Governance Enhancements
Company to appoint Darrell Cavens to Board of Directors Company will seek stockholder approval to declassify the BoardBoard also responds to letter from Anson
About this update from Iac Inc.
[{"type":"text","content":"Company to appoint Darrell Cavens to Board of Directors Company will seek stockholder approval to declassify the BoardBoard also responds to letter from Anson Funds; recommends stockholders vote FOR all of the Company's nominees and not support the Anson Funds' candidatesDALLAS, April 7, 2025 /PRNewswire/ -- Match Group (NASDAQ: MTCH) today announced its Board of Directors (the \"Board\") will appoint seasoned e-commerce executive Darrell Cavens as a new director in connection with the 2025 Annual Meeting.\n\n \n \n \n \n \n \n\n \nCavens' appointment follows a deliberate and thorough search process, reflecting Match Group's continuous approach to Board refreshment. With this appointment, Match Group further strengthens the Board's depth of expertise in digital commerce, consumer engagement, and technology-driven innovation.\n\"We are thrilled to welcome a respected, insightful leader like Darrell to the Board. His deep leadership expertise in product and engineering, managing complex global organizations at scale, and brand-building will be invaluable in informing the Board's oversight of the company's strategy and focus on driving innovation across our portfolio of dating brands,\" said Thomas J. McInerney, Chairman of the Board of Match Group. \"Darrell's appointment is a part of our continuous board refreshment efforts to ensure we maintain a strong Board with a diverse skill set dedicated to effective oversight of the company's strategy and performance to drive shareholder value.\"\n\"As we redouble our efforts to improve the user experience, I'm eager to leverage Darrell's deep experience as a founder of several product-focused digital companies. In addition, Darrell's extensive experience as a director of multi-brand global companies will provide our Board and me with valuable insights,\" said Spencer Rascoff, CEO of Match Group.\n\"Match Group has long been at the forefront of digital connections, and I am excited by the opportunity to contribute my experiences in technology, marketing, company-building and strategy to support Match Group's future growth and create shareholder value,\" said Cavens. \"I look forward to working with the rest of the Board and leadership team to drive results and returns for the company going forward.\"\nDarrell Cavens brings nearly 20 years of leadership experience in e-commerce and technol...