GoDaddy Hires Match Group’s Jared Sine as Chief Legal and Strategy Executive
GoDaddy Inc. announced that Jared Sine, the chief business affairs and legal officer at Match Group Inc., will be joining the company as its new chief legal and strategy executive on March 18. This move comes three months after Match settled a lawsuit with Alphabet Inc.’s Google.
Jared Sine, Chief Legal and Strategy Executive at Match Group, Joins GoDaddy
Jared Sine, the current chief business affairs and legal officer at Match Group Inc., has been selected to take on the role of chief legal and strategy executive at GoDaddy Inc. In his new position, Sine will oversee the legal and strategy functions of the company. He will officially join GoDaddy on March 18.
Match Group’s Lawsuit Against Google and Subsequent Settlement
This announcement comes shortly after Match Group settled a lawsuit with Alphabet Inc.’s Google. The lawsuit, which was filed in 2018, accused Google of abusing its market power in the online dating industry. Match Group, the parent company of popular dating app Tinder, alleged that Google unfairly promoted its own dating services and suppressed competition. The terms of the settlement were not disclosed.
GoDaddy’s Search for a New Top Lawyer
GoDaddy, a leading web services company, has been on the lookout for a new chief legal and strategy executive since last year. The company has been seeking someone with strong legal and strategic expertise to help drive its growth and navigate complex legal issues. With the addition of Jared Sine, GoDaddy believes it has found the right candidate to fill this critical role.
Jared Sine’s Compensation Package at GoDaddy
As part of his new role, Jared Sine will be eligible for a compensation package that includes a base salary, annual performance bonus, and equity awards. The details of Sine’s compensation package have not been disclosed publicly. However, it is expected that his compensation will be competitive with industry standards and reflective of his experience and responsibilities.
Jeanette Teckman to Succeed Sine as Interim Legal Chief at Match Group
With Jared Sine’s departure, Match Group has appointed Jeanette Teckman as the interim legal chief. Teckman, who currently serves as the deputy general counsel at Match Group, brings extensive legal experience to the role. She will be responsible for overseeing the legal affairs of the company until a permanent replacement is found.
Elliott Investment Management’s Stake in Match and Sine’s Share Sales
It is worth noting that Match Group has recently attracted attention from Elliott Investment Management. The activist hedge fund disclosed a stake in the company and has been pushing for strategic changes. Additionally, Jared Sine has recently sold a significant amount of his Match Group shares, according to regulatory filings. The timing of these share sales is unrelated to his departure from Match Group and his appointment at GoDaddy.
Analyst comment
Positive: GoDaddy hires Jared Sine with extensive legal and strategic experience from Match Group, suggesting a focus on legal compliance and growth strategy.
Market impact: GoDaddy’s financial performance and legal compliance are expected to improve under Sine’s leadership, potentially increasing investor confidence and driving stock value.
