ANGI - Angi appoints Andrew Russakoff as CFO says May revenue up 24% Y/Y

Home services provider Angi (NASDAQ:ANGI) on Thursday said it had appointed Andrew Russakoff as CFO, replacing Jeff Pedersen. Russakoff most recently served as VP of financial planning at Angi's parent company IAC (IAC), where he was responsible for financial analysis and overseeing the financial performance of IAC’s portfolio businesses, including Angi. Pedersen will remain in a consultative capacity through July 19 to assist with the CFO transition. Angi's parent IAC separately announced its monthly metrics for May. Angi's total revenue for that month grew 24% Y/Y. However, its monetized transactions for May fell 3% Y/Y. ANGI stock +4.9% to $5.35 in aftermarket trading, while IAC stock -3% to $82.45.

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Angi appoints Andrew Russakoff as CFO, says May revenue up 24% Y/Y