Home  › Marketing › Strategies
bdiller2-jpg

Diller Steps Aside as IAC CEO

  |  December 2, 2010   |  Comments

Unlikely Web magnate Barry Diller says IAC needs an "aspirational" leader. Match.com CEO Greg Blatt may fit the bill.

Barry Diller is stepping down as CEO of IAC/Interactive, handing the reigns to Greg Blatt, previously the head of IAC's Match.com.

The executive changes accompany an agreement between IAC and Liberty Media to go their separate ways. Liberty had held 60 percent voting power in IAC, but will relinquish that for $220 million in cash and a full ownership of an IAC subsidiary that includes Evite and Gifts.com.

Diller will now become chairman of IAC, as well as the company's largest shareholder, with a 34 percent voting stake.

Greg Blatt has been with IAC since 2003. He became CEO of Match.com in February 2009.

"It's been clear to me for some time that this company needs a full time aggressive and aspirational executive in the CEO role," said Diller in a written statement. "While I'm not going anywhere, IAC, with its operating businesses growing, large cash resources and virtually no debt, needs the kind of leadership that Greg Blatt can bring it in order to continue to grow and thrive many years into the future."

Tags:

ClickZ Live Chicago Learn Digital Marketing Insights From Leading Brands!
ClickZ Live Chicago (Nov 3-6) will deliver over 50 sessions across 10 individual tracks, including Data-Driven Marketing, Social, Mobile, Display, Search and Email. Check out the full agenda, or register and attend one of the best ClickZ events yet!

ABOUT THE AUTHOR

Douglas Quenqua is a journalist based in Brooklyn, NY who writes about culture and technology. His work has appeared in The New York Times, Wired, The New York Observer, and Fortune.

COMMENTSCommenting policy

comments powered by Disqus

Get the ClickZ Marketing newsletter delivered to you. Subscribe today!

COMMENTS

UPCOMING EVENTS

UPCOMING TRAINING

Featured White Papers

Google My Business Listings Demystified

Google My Business Listings Demystified
To help brands control how they appear online, Google has developed a new offering: Google My Business Locations. This whitepaper helps marketers understand how to use this powerful new tool.

5 Ways to Personalize Beyond the Subject Line

5 Ways to Personalize Beyond the Subject Line
82 percent of shoppers say they would buy more items from a brand if the emails they sent were more personalized. This white paper offer five tactics that will personalize your email beyond the subject line and drive real business growth.

WEBINARS

Jobs

    • Executive Assistant
      Executive Assistant (Agora Inc. ) - BaltimoreAgora Inc., an international publishing company, located in the Mt. Vernon district of Baltimore, MD...
    • Paid Search Specialist
      Paid Search Specialist (Boathouse, Inc.) - Waltham  Boathouse is looking for a Paid Search Specialist to work as a part of the Digital Acquisition...
    • Paid Search / Search Engine Marketing (SEM, PPC) Specialist
      Paid Search / Search Engine Marketing (SEM, PPC) Specialist (HeBS Digital) - New YorkJOB TITLE:     Paid Search / Search Engine Marketing...