Angie's List CEO, William S. Oesterle, has decided to step down after 20 years of service to the company.
Oesterle made the decision based on his desire to pursue other endeavors, including being more "civically involved" in his home state of Indiana. However, he will remain CEO until his successor is appointed, and will serve out the remainder of his time on the company's board, according to Mercury News.
"On behalf of the entire Angie's List Board, I want to thank Bill for his leadership in helping to create one of the strongest brands in local home services," John Chuang, Chair of the Angie's List Board of Directors, said, according to Yahoo Finance.
"This transition period provides an opportunity to acknowledge and applaud Bill's contributions to the Company, while also ensuring a smooth transition to our next Chief Executive Officer. We are focused on identifying a strong leader who has a record of driving positive financial results and who shares our vision of leveraging the unique attributes of the Angie's List brand. The right candidate will build on Bill's success, and will help us continue executing our strategy of establishing Angie's List as the preferred platform in the $800 billion local services marketplace."Oesterle, co-founder of the company, has served as the Chief Executive Officer for Angie's List since January 1999 and has been a member of the Board since the inception of the company in June 1995. He explained that his decision to leave the company was not an easy one, but he knows the company will continue to grow and succeed without him.
"Serving Angie's List alongside its 1,900 dedicated employees and being part of this amazing company from the very beginning has been a privilege and a highlight of my professional career," said Oesterle.
"I am extremely proud of all that we have accomplished, especially seeing Angie's List grow to where we are now connecting millions of consumers across the country with leading service providers in their areas. The decision to leave was not an easy one. But as I begin the transition to the next chapter, I have great confidence in the Company's continued growth and prosperity and am committed to supporting a seamless transition.""For the past 20 years, Bill has been an outstanding partner to me and to the whole Angie's List organization," Angie Hicks, Angie's List co-founder and Chief Marketing Officer, said. "I look forward to continuing to work closely with our talented team to execute on our marketplace strategy with the same passion and entrepreneurial spirit that Bill has instilled in our company and that has enabled our success."
[Photo via Twitter/Bill Oesterle]