Spark Networks Bolsters Leadership Team with Key Hires to Complete Business Transformation and Drive Category-Defining Innovation
Appoints
Names
“As Spark completes a successful restructuring and continues to progress in our business transformation, there is incredible potential before us and we are taking the opportunity to revitalize our leading portfolio of social dating apps,” said Medros. “With the support of our new owner, I look forward to building on the team’s success and innovations, and working with our best-in-class leadership team to drive growth by sparking relationships that matter around the world.”
In his role as CEO of Spark, Medros will spearhead the Company’s ongoing business transformation across its portfolio of social dating apps which includes
Additionally, each new leader brings valuable expertise designed to further optimize Spark’s operations and create new, scalable technology that serves its members globally:
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Bill Alena (Chief Revenue Officer) will lead the Company’s product monetization and marketing efforts, leveraging more than 25 years of relevant industry experience in growing platforms and building revenue at companies includingSocial Discovery Group andThe Meet Group . -
Suresh Dhandapani (Chief Product Officer) possesses a proven track record of using technology to create customer-first experiences, including at Mojo,Glossier , and Amazon, and will focus on building innovative offerings across Spark’s portfolio of social dating apps. -
Jessica Moffitt (Interim Chief Financial Officer) will strengthen Spark’s finance function by drawing on her extensive experience leading finance teams at startup and growth stage companies, including Mojo and Common, where she specialized in building efficient operations, improving cross-functional processes, and developing strong talent.
In connection with Medros’ appointment,
“Adam and Laura bring a wealth of experience to their respective roles as CEO and Chair of the Board of Directors,” said Brown. “Having taken Spark through its financial restructuring, now is the time to bring on new leaders to shepherd the Company into the future. I have full confidence that Adam, Laura, and the incoming leadership team will drive the Company into its next chapter under the ownership of
“As we look to Spark’s promising future, we are pleased to welcome to the Company a new bench of veteran executives with proven track records scaling consumer technology platforms and bolstering companies’ operations,” said
About
About
Founded in 2014, MGG is a private investment firm that provides bespoke investment solutions to mid-size and growing middle market companies. MGG works with owners and management teams to help build lasting value, address immediate needs, and solve complex situations while seeking to generate attractive risk-adjusted returns for investors irrespective of and through market cycles. For more information, visit www.mgginv.com.
Forward-Looking Statements
Statements in this press release that are not strictly historical may be “forward-looking” statements that involve risks and uncertainties, or statements based on reasonable belief. Neither MGG nor Spark undertakes any obligation to update any such statements to reflect later developments. These risks and uncertainties include the companies’ ability to successfully complete on the terms and conditions contemplated, the financial impact of the proposed transactions referenced herein, the scope, duration and ultimate impacts of any global pandemic or conflict, as well as economic and currency conditions, market demand, among others.
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