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Angi Stock Is Moving Higher Wednesday: What's Going On?
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Angi Stock Is Moving Higher Wednesday: What's Going On?
Oct 17, 2024 1:31 PM

Angi Inc ( ANGI ) shares are trading higher Wednesday. The company announced executive leadership changes.

What Happened: Angi ( ANGI ) announced a series of management changes this week including the departure of senior vice president, chief accounting officer and controller of Angi ( ANGI ) Christopher Bohnert. Bohnert will resign from his role, effective Nov. 1. He will remain with the company for some time to assist with the transition period.

Angi ( ANGI ) also announced the appointment of Bailey Carson to COO of the company, effective immediately. Carson, who previously worked as chief customer experience officer for Angi ( ANGI ), will oversee the company's sales, customer care and operations.

Angi ( ANGI ) further named Glenn Orchard chief growth officer of Angi ( ANGI ), effective immediately. Orchard will oversee the company's growth, marketing strategy and execution. He previously served as senior vice president of digital and growth at Angi ( ANGI ).

Finally, Julie Gosal Hoarau was appointed chief accounting officer. Hoarau previously worked as vice president of accounting operations of MongoDB.

See Also: Morgan Stanley Q3 Earnings: Institutional Securities Sees Momentum, Total Client Assets Surpass $7.5T Across Wealth And Investment Management

Angi ( ANGI ) is due to report quarterly earnings at the beginning of November. Analysts expect the company to report breakeven earnings and revenue of $296.465 million, according to estimates from Benzinga Pro.

ANGI Price Action: Angi ( ANGI ) shares were up 2.78% at $2.59 at the time of publication Wednesday, according to Benzinga Pro.

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