Angie's List Announces Departure of Robert R. Millard, Chief Financial Officer
INDIANAPOLIS, March 14, 2013 (GLOBE NEWSWIRE) -- Angie's List, Inc.
(Nasdaq:ANGI), the national consumer review service, announced today that
Robert R. Millard will step down as Chief Financial Officer at the end of this
quarter and will remain an employee through June 28, 2013. The Company will
initiate a search for Mr. Millard's successor.
"Bob has made significant contributions to Angie's List through our successful
initial public offering and transition to becoming a public company, and in
building a strong finance team. We thank Bob for his leadership and the high
quality of his team's work," said Bill Oesterle, Chief Executive Officer of
Angie's List. "As the rapid evolution and growth of our business continues, we
have determined the time is right to commence a search for Bob's successor. We
appreciate Bob's efforts throughout this transition and wish him the best of
luck in future endeavors."
"My time with Angie's List has been very rewarding and I am proud of what we
have accomplished. I have great confidence in the team I have put in place and
look forward to assisting Bill and the Board in this transition," said Mr.
Charles Hundt, the Company's Controller, will assume the role of interim Chief
Financial Officer during the transition period and will work with Mr. Millard
to ensure a smooth transition.Mr. Hundt has served as the Company's
Controller since August 2007.
Angie's List helps consumers have happy transactions with local service
professionals in more than 550 categories of service, ranging from home
improvement to health care. More than 1.7 million paid households use Angie's
List to gain unlimited access to local ratings, exclusive discounts, the
Angie's List magazine, and the Angie's List complaint resolution service.
All statements in this press release that are not historical are
"forward-looking statements" within the meaning of Section 21E of the
Securities Exchange Act as amended, including statements regarding Angie's
List's expectations with respect to its executive leadership team.Such
statements are subject to risks and uncertainties that could cause actual
results to differ materially for Angie's List from those projected. These and
other risk factors are discussed in Angie's List's Form 10-K for the fiscal
year ended December 31, 2012, and other filings that Angie's List makes with
the SEC from time to time.
CONTACT: Angie's List
Tom Ward, Investor Relations
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