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As part of its business transformation, Spark Networks has appointed a new Chief Executive Officer, Chief Product Officer, Chief Technology Officer, and Chief Revenue Officer.
Following the company’s significant restructuring plans and new sole equity ownership, Spark Networks is marking its next chapter with an overhaul of its leadership team. This includes the appointment of Adam Medros as its Chief Executive Officer, effective from 19th February 2024.
Spark Networks also announced the appointments of Bill Alena as Chief Revenue Officer, Suresh Dhandapani as Chief Product Officer, and Jessica Moffitt as interim Chief Financial Officer.
Bill Alena will be speaking at Global Dating Insights’ upcoming conference in New York City about the challenges and best practices for finding investment in the online dating industry.
A closer look
In his new role as CEO of Spark Networks, Medros will oversee the company’s ongoing transformation across its portfolio of dating platforms. Before joining Spark, he served as Chief Operating Officer of Embark Veterinary and as President and Co-CEO of education platform edX.
Incoming Chief Revenue Officer Bill Alena will manage the company’s product monetization and marketing efforts. He brings more than 25 years of relevant industry experience from his time at Social Discovery Group and The Meet Group.
Suresh Dhandapani, the new Chief Product Officer, has a proven track record of using technology to create customer-first experiences, and will oversee the building of innovative offerings across Spark Networks.
Jessica Moffitt, who has been appointed to the Interim Chief Financial Officer position, will be drawing on her experience leading finance teams at startup and growth stage companies, including Mojo and Common.
“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 new CEO Adam 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”, he added.
Changes to the board
As part of this leadership transformation, Colleen Brown will be stepping down from her roles as CEO and Chair of the Spark Networks Board of Directors. Current board member Laura Marcero will be the board’s new Chair.
“Adam and Laura bring a wealth of experience to their respective roles as CEO and Chair of the Board of Directors,” said Colleen 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 MGG Investment Group LP”, she added.
“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 Kevin Griffin, Chief Executive Officer and Chief Investment Officer of MGG Investment Group LP.
In January 2024 itt was announced that MGG Investment Group would become the sole equity owner of Spark Networks.
“We are grateful for Colleen’s leadership during this critical point in Spark’s evolution and are excited to now support Adam and his team as they chart a sustainable path forward for Spark and its brands”, Griffin stated.
Read the full announcement of these leadership changes here.
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