Angie's List Names New CFO
Aug 21st 2013 4:31PM
Updated Aug 21st 2013 4:32PM
Indianapolis-based Angie's List is getting a new CFO.
On Wednesday, the online contractor-ratings service announced that it has hired away Nokia Senior Director for Business Planning and Operations Thomas R. Fox to become its next Chief Financial Officer. Fox will replace Company Controller and interim CFO Charles Hundt, who has filled the CFO's role since the departure of former CFO Robert Millard in March.
Welcoming Fox to the team, Angie's List CEO Bill Oesterle described Fox as having "a unique combination of finance, operations, and capital markets experience, and a proven track record of partnering with leadership teams to deliver strong performance at," and called him "an ideal fit for Angie's List as we continue our rapid growth."
In a filing with the SEC, Angie's List advised that it will be paying Fox an annual salary of $300,000, plus:
- a guaranteed 2013 bonus of $150,000
- an annual bonus targeting 50% of salary for 2014 and subsequently
- 180,000 stock options vesting over four years
- $53,000 in reimbursement of relocation expenses.
The article Angie's List Names New CFO originally appeared on Fool.com.Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.