Match Group Inc. Announces Governance Enhancements and New Board Appointment

Darrell Cavens, recognized for his leadership in e-commerce, will join Match Group's Board, following a meticulous search process that underscores the company’s commitment to continuous board refreshment. Cavens brings nearly two decades of experience in online retail and technology, having co-founded and served as CEO of Zulily, where he successfully led the company through its public offering and various M&A transactions.

Chairman Thomas J. McInerney expressed enthusiasm about Cavens' appointment, stating, "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."

Cavens himself remarked on the opportunity, stating, "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."

In addition to the new board appointment, Match Group plans to seek stockholder approval for a significant governance change at the upcoming Annual Meeting. The company will propose the declassification of the Board, currently divided into three classes with staggered three-year terms. If approved, this shift will allow directors elected after the 2026 Annual Meeting to serve one-year terms.

This initiative reflects Match Group's ongoing commitment to align its governance practices with the best interests of its shareholders, promoting transparency and accountability.

The press release also addresses the recent nomination of directors by Anson Funds Management LP, which seeks to present Kelley Morrell, Fumbi Chima, and Laura Lee as candidates for election, competing against the Board's recommended nominees. Match Group's Board has publicly stated its intention to recommend against these nominees, asserting that they do not bring additional relevant skills essential for navigating the company's strategic priorities.

The Board emphasized its openness to stockholder input and highlighted its previous engagements with Elliott Management, which led to the addition of two new board members in 2024. Match Group aims to ensure that its governance structure remains robust and aligned with shareholder interests.

Match Group operates a leading portfolio of dating platforms, including Tinder®, Hinge®, Match®, and others, designed to foster meaningful connections among users globally. With services available in over 40 languages, the company continues to innovate within the digital connection space.

As Match Group prepares to file its proxy statement detailing the proposed changes and board slate for the upcoming Annual Meeting, the company encourages shareholders to stay informed and participate in shaping its governance structure.

In conclusion, Match Group's recent governance enhancements, including the appointment of Darrell Cavens and the proposal for board declassification, signify a proactive approach to corporate governance and strategic growth. As the company navigates its future, it remains focused on enhancing shareholder value and improving user experience across its brand portfolio.