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. Millard.
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 317-808-4527 email@example.comSource:Angie's List