Grindr, the popular dating app used by millions of gay, bisexual, transgender and queer people, on Tuesday named a new CEO who is scheduled to take the company public this fall with an ambitious $2.1 billion valuation.
Arison will take over on Oct. 19 as Grindr prepares to go public by merging with a special purpose acquisition company.
The Grindr app logo on a mobile phone screen.
The current deal to take Grindr public, which is set to take place later this year, was made public in May.
In addition to announcing a new CEO, Grindr also announced Tuesday that it will bring on a new chief financial officer, Vanna Krantz.