Mandy Ginsberg at Match just called to fill me in on the Match deal with Meetic. I’m busy talking with people about the deal, In the meantime I wanted to let you know that Match has a new CEO.
IAC announced today that Greg Blatt, currently IAC’s Executive Vice President and General Counsel, has been named Chief Executive Officer of Match.com.
Outgoing CEO Thomas Enraght-Moony grew Match 2.5X during his tenure, which began in April of 2007. Previously, Thomas was the COO of Match. Like most outgoing CEOs, Enraght-Moony is going to take some time off to spend time with family and evaluate opportunities.
Incoming CEO Greg Blatt was general council for IAC and has been heavily involved with Match operations during the last six months. Since September of 2008 he has had specific corporate oversight responsibility for Match.com (and on a personal note, as a user of the site).
As CEO of Match.com, Mr. Blatt will have primary responsibility for the strategic and operational leadership of IAC’s personals businesses, which includes the global operations for its flagship brand, Match.com, as well as Chemistry.com and DowntoEarth.com. Following the sale of Match.com Europe to Meetic, Match.com will operate leading subscription-based online dating sites in 24 countries, in eight languages and spanning five continents, as well as oversee its ongoing investment in Meetic.
Mr. Blatt will retain his current role as Executive Vice President of IAC and will continue to serve in IAC’s Office of the Chairman, but will no longer serve as General Counsel of IAC. Gregg Winiarski, previously Vice President, Associate General Counsel, has been named the Senior Vice President, General Counsel of IAC, reporting to Mr. Blatt.
Mandy said that Match is humming along, last quarter was the best in 14 years and Blatt will focus on keeping the momentum going and continuing to grow the global Match brand. Previously, Blatt served as Executive Vice President, Business Affairs and General Counsel of Martha Stewart Living Omnimedia, Inc.
Best of luck to Thomas and a big welcome to Greg, who I hope will resurrect the Match CEO Blog.
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“Outgoing CEO Thomas Enraght-Moony grew Match 2.5X during his tenure, which began in April of 2007.”
2.5X ???
Q1 2007 1,338,900 worldwide Paid Subscribers
Q4 2008 1,347,300 worldwide Paid Subscribers
Suppose now a 22% increase in worldwide Paid Subscribers to 1,643,706 thanks to recession boost.
Outgoing CEO Thomas Enraght-Moony had been flying in automatic pilot.
Regards,
Fernando Ardenghi.
Buenos Aires.
Argentina.
ardenghifer@gmail.com
I should have been clearer about the 2.5X, which applies to the overall business growth not revenue. Fernando, you really have absolutely no idea what goes on at Match.
What is happening at Match? A massive purge? a downsizing? a reengineering process?
Former CEOs were Tim Sullivan & Jim Safka, they lasted less than 3 years each one. Outgoing CEO Thomas Enraght-Moony lasted less than 2 years.
IAC (NASDAQ-NMS:IACI) rarely pays dividends to its shareholders and shares had been falling down since years.
Meetic (Paris: MEET.PA / ISIN FR0004063097) is also a public company. Its shares has been oscillating since IPO and falling down since Oct2007.
Directors, CEO’s, Chiefs Officers and Preferred Shareholders receive the cake and Common Shareholders receive portions of a biscuit.
Regards,
Fernando Ardenghi.
Buenos Aires.
Argentina.
ardenghifer@gmail.com
I think what’s happening is normal business stuff. What do IAC dividends have to do with anything? Of course shareholders and executives get the cake, you think us lowly shareholders are going to get a piece of the action in a down market?
I talk to investment bankers all the time, believe me they are paying attention to the public companies. Not sure I would short Meetic at this point.
Wow cool and is it truth……..that http://www.Match.Com is going to buy
http://www.Internet-Dating.Com ?
That is what I have been hearing all week, http://www.Match.Com are pritty
smart business guys they
do buy @ the right time…
http://www.Internet-Dating.Com is going to use the latest wireless
applications like iPad 02!!!
And http://www.Match.Com is going to use http://www.Internet-Dating.Com to focus on the large market of over 130,000,000,000 Chinese speaking potential members, @Smart #Smart http://www.Match.Com is smart!!!
Lisa:=}
I highly doubt it.
Well I have seen the offer!!!!
It’s true… But don’t tell any one,
I’ll have the post removed!!