IAC, Sofi and Joey Levin

The CEO of Barry DIller's InterActive Corp. is departing to become executive chairman of Angi as it spins off from IAC.
Angi CEO Jeff Kip will continue to head the company as IAC’s 10th fully independent company, IAC said.
The company does not plan to appoint a new CEO, but will have leadership reporting to Diller, chairman of IAC.