Glenn Schiffman, IAC executive vice president and chief financial officer, is leaving the media conglomerate to pursue a new opportunity.
IAC, which owns home project marketplace Angi, childcare platform Care.com, and other businesses, said Schiffman will stay at the company for a couple of months to help with the transition.
“Glenn’s amazing. He has been a real partner in IAC’s growth and success and we’re grateful for his energy and leadership. I have no doubt he’ll continue to do great things,” said Joey Levin, CEO of IAC.
Schiffman joined IAC as finance chief in April 2016 and since January has also held the role of interim chief financial officer of Angi, a role he previously held from September 2017 until August 2019. He serves on the board of directors of Angi and Match Group, which he helped spinoff last year. Schiffman will remain on the Angi board of directors after he leaves the company.
“It has been a true privilege to be a part of such an exceptional team and to contribute to the recent success of IAC,” said Schiffman. “It has been an incredible run over the last five years and just a delight to have worked with our talented finance team and have been a small part of the incredible legacy of IAC. I couldn’t be prouder of our work helping IAC build lasting shareholder value and helping to shape the next generation of great companies. I look forward to cheering on the entire IAC team and I’m excited to continue helping drive success at Angi.”
In the interim, while IAC searches for Schiffman’s replacement, the company’s financial executive leadership team, including senior vice president and controller Michael Schwerdtman, senior vice president of finance and investor relations Mark Schneider, and senior vice president and treasurer Nick Stoumpas, will oversee financial functions at IAC and Angi.