Tinder is breaking up with its CEO after just five months.
Christopher Payne, who had led EBay's North American division, "was not the right long-term fit," Tinder board member Matt Cohler said in a statement Wednesday night.
"Given Tinder's rapid growth trajectory, both Christopher and the board thought prompt action was best for everyone," said Cohler, general partner at venture capital firm Benchmark.
In a statement, Payne said the decision was mutual.
The change propels Sean Rad, a Tinder co-founder whose management skills came into question last year, back into the CEO role at the West Hollywood company at a crucial time.
Tinder and a series of other dating apps owned by online media company IAC Corp. -- including Match.com, OkCupid and HowAboutWe -- are expected to be spun out into their own company through an initial public offering later this year.
Through advertising and charging fees for extra features, Tinder has already become a significant revenue generator in the portfolio and easily the fastest-growing, according to analysts. Investor sentiment about Tinder could play an outsized role in how the IPO goes.
Staying on track has not been easy for the drama-plagued start-up.
Tinder settled a sexual-harassment and discrimination lawsuit lobbed by one of Tinder's founding employees last year, and Rad was demoted soon after. It's new paid offering has led to age-discrimination lawsuits because of higher pricing for people over a certain age.
The app continues to be labeled as a way for people to instantly find short-term sexual partners even as Tinder maintains the app is used by users to make 26 million "meaningful connections" a day.
And Tuesday, Tinder blasted a barrage of posts on Twitter in response to a Vanity Fair article last week that dissected the hook-up culture and said Tinder helped fuel it.
Greg Blatt, who manages IAC's online dating division, will become executive chairman of Tinder.