Leadership & Pay ·
Angi appoints Michael Steib as CEO after Jeffrey Kip steps down, reducing board to nine members
ANGIAngi Inc.
Angi Inc. announced on September 22, 2026, that Jeffrey W. Kip ceased serving as Chief Executive Officer and board member, effective immediately. Michael Steib, a non-employee director and former CEO of TEGNA Inc., was appointed to succeed Mr. Kip as CEO. Concurrently, Joseph Levin stepped down as Executive Chairman but remains Chairman of the Board and an employee. The board size was reduced by one seat to nine members. Mr. Kip will serve as a non-employee advisor until March 22, 2027, receiving severance benefits including $325,000 in cash payments and COBRA premium coverage. Mr. Steib’s employment agreement includes a $1 annual base salary, 1,000,000 restricted stock units vesting over four years, and 1,000,000 performance-based RSUs tied to specific stock price hurdles of $10.00 through $20.00. Angi Inc. operates as a leading digital home services marketplace connecting homeowners with local professionals.