New GoFundMe CEO, Tim Cadogan. Credit: GoFundMe
Solomon will stay on as Chairman of the Board, and according to the company, will remain actively involved in determining the strategic direction of GoFundMe. The change is effective from March 2.
GoFundMe is the leading charitable and causes-based online peer to peer giving platform. Solomon was brought on as CEO by founders Brad Damphousse and Andy Ballester five years ago to help scale the business. Solomon led the company through a business model change and created a platform that has raised over $9 billion from more than 120 million donations. Prior to GoFundMe, Solomon was President and COO of Groupon.
GoFundMe publicly announced the change in a blog post today, stating:
“Just as Brad and Andy knew when it was time to let someone else lead, now Rob has recognized the need for a leader who has a combination of consumer tech and B2B experience, along with proven success leading companies, and teams of different sizes. Tim is that leader and, combined with his strategic approach, a passion for social good, and a people-first leadership style, his expertise will help GoFundMe grow and expand in new areas.”