Online dating app Tinder says founder Sean Rad returning as CEO

Online dating application Tinder said that it had re-appointed the app's founder, Sean Rad, as its chief executive.

Rad returns after being replaced in March by former eBay Inc executive Chris Payne CEO.

"We mutually determined that this wasn't going to be optimal and thought that a quick transition served everybody best," the company statement quoted Payne as saying.

In another announcement, the company said Greg Blatt will be appointed as the executive chairman of Tinder.

Blatt also serves as chairman of The Match Group.