IAC/InterActiveCorp named Glenn Schiffman of the investment firm Guggenheim Partners as chief financial officer, filling a role that had been vacant since last summer.
Schiffman begins Thursday, replacing Jeff Kip, whose resignation as CFO was announced in June, IAC said in a statement. Schiffman will report to Joey Levin, the chief executive officer of the New York-based Internet media company.
“IAC has numerous growth engines, an impressive balance sheet and a world-class management team at the helm,” Schiffman said in the statement. “I’m honored to play an active role in shaping the next chapter of IAC’s successful story.”
Kip, who has stayed at IAC for an interim period to help with the transition to a new CFO, will now be in charge of expanding HomeAdvisor’s operations overseas. The home services marketplace is IAC’s fastest-growing division.
Schiffman, 46, was most recently a senior managing director at Guggenheim. He previously held roles focused on the media, technology and telecommunications industries at the Raine Group and Lehman Brothers. Schiffman has a bachelor’s degree from Duke University.