Angi Appoints Michael Steib As CEO (Form 8-K)

Angi Appoints Michael Steib As CEO

Experienced, Transformative Leader Tapped as Angi Transitions from Turnaround to Growth

DENVER, September 22, 2026 -- Angi (NASDAQ: ANGI), a leading digital home services marketplace, today announced the appointment of Michael Steib as Chief Executive Officer, succeeding Jeff Kip. As CEO, Mr. Steib will remain a member of Angi's board and lead Angi's executive team, overseeing strategy and daily management of the company. As Mr. Steib assumes the CEO role, Joey Levin will transition from his role as Executive Chairman of the Board to Chairman. All changes are effective immediately.

Mr. Steib has extensive executive experience building category-leading digital products and durable business models at publicly traded companies, most recently as president and CEO of TEGNA (NYSE: TGNA), which was acquired by Nexstar Media Group at a substantial premium in March 2026. His track record of success for revitalizing brands and generating shareholder value extends across tech, commerce, and media, and he brings a focus on running extremely efficient and high velocity teams.

"Mike is bringing enormous energy and spot-on experience to Angi. His palpable excitement for the brand and the product will be quickly apparent to Angi's customers, and the opportunities Mike sees in our current AI landscape are invigorating," said Joey Levin. "I expect Mike to continue his tremendous record of delivering meaningful incremental value for shareholders, several times over."

Prior to being president and CEO of TEGNA, Mr. Steib was CEO of Artsy, the leading online marketplace for buying and selling art globally. Previously, he was CEO of XO Group Inc., parent company of The Knot, where the company's stock tripled under his leadership before it merged with WeddingWire Inc. At Artsy and XO Group, Mr. Steib was able to build industry-leading digital products and grow revenue and profitability metrics.

"Angi has an important mission, helping homeowners when they need it and delivering business to hard-working professionals," said Michael Steib. "We're going to use the revolutionary power of AI to make our products better for both, and we're going to move with urgency. I see real opportunities for upsides in profitability in the near-term and I look forward to working with this team to build a bright future for Angi."

Mr. Kip will serve as advisor to the company for six months to ensure a smooth transition. Mr. Levin expressed the Board's appreciation for Mr. Kip's leadership as CEO. "Jeff assumed leadership of Angi during a complex and challenging time across the shifting economic and digital landscapes. He played a pivotal role integrating multiple product and technology platforms globally, expanding margins and spurring growth. The Board thanks Jeff for his insight, unwavering dedication and foundational service to our company across multiple key roles and we wish him every success with all of his future endeavors," Mr. Levin said.

About Angi Inc.

Angi (NASDAQ: ANGI) helps homeowners get home projects done well and helps home service professionals grow their businesses. Founded in 1995, Angi connects homeowners with skilled local professionals, from plumbers and electricians to remodelers and landscapers, and provides tools for researching costs, planning projects and hiring with confidence. Homeowners have turned to Angi, and our vast network of skilled home pros, for help with more than 300 million projects.