Dec 2 (Reuters) - Bumble said on Monday Anu

Subramanian will step down as chief financial officer, effective

March 14, 2025.

Subramanian, who joined the dating app operator as CFO in

2020, played a key role in the company's initial public offering

in 2021.

Bumble has begun searching for Subramanian's successor.

Shares of the company fell 1.7% in early morning

trading.

In other leadership changes, Bumble's Chief Marketing

Officer, Selby Drummond, is also departing in January next year,

the company said on Monday. She joined Bumble in 2020 and

previously served as Chief Brand Officer.

The company also appointed Neil Shah to the newly

created role of Chief Business Officer. Shah will oversee

strategic transformation, including driving the revenue model,

pricing strategy, and partnerships.

Last month

, the Austin, Texas-based company reported its first

quarterly sales decline since going public, signaling that it

would take longer for the company to boost its sluggish growth

rate.

The company has intensified its promotional efforts to

attract younger users and women by launching a refreshed Bumble

app and new features.

Increased borrowing costs have led to reduced user

spending on the women-centric dating app and its premium

offerings, constraining growth after a post-pandemic surge.

Bumble reaffirmed its financial outlook for the fourth

quarter and full year of 2024.