Glenn Schiffman, IAC govt vice chairman and chief monetary officer, is leaving the media conglomerate to pursue a brand new alternative.
IAC, which owns residence undertaking market Angi, childcare platform Care.com, and different companies, mentioned Schiffman will keep on the firm for a few months to assist with the transition.
“Glenn’s wonderful. He has been an actual associate in IAC’s progress and success and we’re grateful for his vitality and management. I’ve little question he’ll proceed to do nice issues,” mentioned Joey Levin, CEO of IAC.
Schiffman joined IAC as finance chief in April 2016 and since January has additionally held the function of interim chief monetary officer of Angi, a job he beforehand held from September 2017 till August 2019. He serves on the board of administrators of Angi and Match Group, which he helped spinoff final 12 months. Schiffman will stay on the Angi board of administrators after he leaves the corporate.
“It has been a real privilege to be part of such an distinctive crew and to contribute to the current success of IAC,” mentioned Schiffman. “It has been an unimaginable run during the last 5 years and only a delight to have labored with our proficient finance crew and have been a small a part of the unimaginable legacy of IAC. I couldn’t be prouder of our work serving to IAC construct lasting shareholder worth and serving to to form the following technology of nice firms. I stay up for cheering on all the IAC crew and I’m excited to proceed serving to drive success at Angi.”
Within the interim, whereas IAC searches for Schiffman’s substitute, the corporate’s monetary govt management crew, together with senior vice chairman and controller Michael Schwerdtman, senior vice chairman of finance and investor relations Mark Schneider, and senior vice chairman and treasurer Nick Stoumpas, will oversee monetary features at IAC and Angi.