SEEKING ALPHA - On Tuesday, Spark Networks announced the resignation of its CEO, Chelsea Grayson, effective from July 7. This news led to a -5.5% drop in the company's shares during after-hours trading. Colleen Brown, the existing board chair and former CEO and director of Fisher Communications, will step in as interim CEO. Despite stepping down, Grayson will maintain an active role within the company, continuing as a board member and advisor to Spark. The company also disclosed the completion of its strategic alternatives evaluation, setting the stage for a plan to enhance margins, EBITDA, and cash flow.
by Vansh Agarwal
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Spark Networks continues to be a ship without a captain and a pathway to success.
Posted by: James Green | Jul 12, 2023 at 11:43 AM