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NEW YORK, April 1, 2021 /PRNewswire/ Vimeo, an operating business of IAC (NASDAQ: IAC), today announced the anticipated composition of its Board of Directors, as the company prepares to spin-off from IAC. The spin-off is expected to be completed during the second quarter of 2021, at which time Vimeo is expected to become an independent company listed on Nasdaq.
The following are the anticipated 11 members of Vimeo s post-spin Board of Directors:
Joey Levin, Chief Executive Officer, IAC (Chairman of the Board)
Adam Gross, Technology Investor and Software Industry Veteran
Alesia Haas, Chief Financial Officer, Coinbase
Kendall Handler, General Counsel, IAC
Spike Lee; George C. Wolfe
The company says it expects to complete the spinoff in the second quarter of 2021.
The video software company Vimeo has named its slate of board of directors ahead of its planned spinoff from IAC.
Among the board members are film directors Spike Lee (
Da 5 Bloods) and George C. Wolfe (
Ma Rainey s Black Bottom), who will join a board that includes multiple IAC executives, technology investors and finance executives. IAC CEO Joey Levin will be the chairman of Vimeo s board.
IAC announced its intention to spin off the Vimeo business late last year, valuing it at $2.75 billion. The company says it expects to complete the spinoff in the second quarter of 2021.
Robert Bob S. Peck of SunTrust Robinson Humphrey believes that for the Q3 earnings report from IAC/InterActiveCorp (NASDAQ: IAC), it is important to remember the company’s publishing and apps businesses took on a restructuring charge in the previous quarter.
Peck maintains a Buy rating on. Read More. Don t Miss Any Updates! News Directly in Your Inbox Subscribe to:
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