ANGI - ANGI Homeservices Cleans House
ANGI Homeservices (NASDAQ: ANGI) is making some big changes.
The owner of HomeAdvisor, Angie's List, and Handy named a new CEO Wednesday, tapping Oisin Hanrahan, who is replacing Brandon Ridenour. Hanrahan was the company's Chief Product Officer and previously the CEO and co-founder of Handy, prior to its acquisition in 2018.
Investors cheered the move, sending the stock up as much as 11% following the announcement. The transition comes after ANGI had been one of the few home-focused businesses unable to capitalize on the boom in home improvement spending during the pandemic as demand on its platform often went unmonetized due to a lack of supply from home-service providers.
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ANGI Homeservices Cleans House