Barry Diller to Lead IAC Following CEO Joey Levin's Departure

Joey Levin steps down as IAC CEO to oversee Angi's future as executive chairman, as IAC prepares for Angi's spin-off in 2025.

IAC's board has approved the spin-off of Angi, its home services platform, with the transaction expected to close no earlier than March 31, 2025.
Barry Diller, IAC's chairman, will take over leadership of the company, with no plans to appoint a new CEO after Joey Levin's departure.
Joey Levin will transition to executive chairman of Angi, working closely with its CEO Jeff Kip to guide the company's independent growth.
The spin-off will grant IAC shareholders direct ownership of Angi, marking the latest in IAC's history of separating and incubating companies like Expedia and Match Group.
IAC executives, including CFO Christopher Halpin and chief legal officer Kendall Handler, will now report directly to Barry Diller.