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IAC to Spin Off Stake In Angi; CEO to Depart
The Wall Street Journal|January 15, 2025
IAC said that it is reorganizing the company through a plan that includes the exit of Chief Executive Joey Levin and a spinoff its entire stake in home-services company Angi.
- By SABELA OJEA
IAC to Spin Off Stake In Angi; CEO to Depart

The media and internet holding company on Monday said that Levin, who had served as the CEO of IAC since 2015, will become an adviser to the company and be appointed executive chairman of Angi following the completion of the spinoff.

Angi CEO Jeff Kip will continue to head the company, IAC said, adding that IAC doesn't plan to appoint a new CEO.

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IAC to Spin Off Stake In Angi; CEO to Depart
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