Angi Announces CEO Transition
October 10 2022 - 5:00PM
Today Angi Inc. (NASDAQ: ANGI) a leading and comprehensive solution
for all home needs, announced the appointment of Joey Levin, CEO of
IAC and Chairman of Angi, to CEO of Angi. Oisin Hanrahan has
stepped down as CEO and Director of Angi. Mr. Levin will assume the
role of CEO of Angi in addition to his duties as CEO of IAC and
will oversee Angi’s executive leadership team and daily management
of the company. These changes are effective today.
“Angi is in a strong position—we have established a unified Angi
product and brand and have invested deeply in our platform and
technology to offer the most complete solution for homeowners
available online. Angi is the place to get jobs done,” said Joey
Levin, Chairman and CEO of Angi. “I thank Oisin for his leadership
and significant contributions to building Angi’s comprehensive
product suite and industry-leading customer experience. I believe
we are well positioned to pursue a balanced mix of growth and
profitability in our two key lines of business, Angi Ads and Leads
and Angi Services.”
Continued Mr. Levin, “I look forward to working with the
talented team at Angi to delight homeowners, help hard working home
improvement professionals grow their businesses and build an
enduring brand and category leader.”
“Booking and paying for home services online was unheard of
eleven years ago. Now, that happens over a million times a year
through Angi,” said Oisin Hanrahan. “I am proud of the
transformational change we have made to the home improvement
industry during my eleven years at Angi and Handy. And I am deeply
proud of the team that brought them to life. I believe they will
continue to strengthen the business and support our homeowners and
pros under Joey’s leadership.”
About Angi Inc. Angi (NASDAQ: ANGI) is your
home for everything home—a comprehensive solution for all your
home needs. From repairs and renovations to products and financing,
Angi is transforming every touch point in the customer
journey. With over 25 years of experience and a network
of over 200,000 pros, we have helped more than 150 million
people with their home needs. Angi is your partner for every part
of your home care journey.
About IACIAC (NASDAQ: IAC) builds companies. We
are guided by curiosity, a questioning of the status quo, and
a desire to invent or acquire new products and brands. From the
single seed that started as IAC over two decades ago have emerged
11 public companies and generations of exceptional leaders. We will
always evolve, but our basic principles of financially disciplined
opportunism will never change. IAC is today comprised of category
leading businesses including Angi Inc. (NASDAQ: ANGI), Dotdash
Meredith and Care.com among many others ranging from early stage to
established businesses. IAC is headquartered in New York City with
business locations worldwide.
Contacts:
IAC/Angi Investor RelationsMark Schneider(212)
314-7400
Angi Corporate CommunicationsMallory
Micetich(303) 963-8352
IAC Corporate CommunicationsValerie Combs(212)
314-7251
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