Robert Millard, chief financial officer at Angie’s List Inc. for less than two years, will step down at the quarter’s end, the Indianapolis-based company announced Thursday.
Millard is at least the third CFO to depart the online-consumer-review company since July 2008. No reason was given for his exit.
“Bob has made significant contributions to Angie’s List through our successful initial public offering and transition to becoming a public company, and in building a strong finance team,” CEO Bill Oesterle said in a prepared statement. “As the rapid evolution and growth of our business continues, we have determined the time is right to commence a search for Bob’s successor. We appreciate Bob’s efforts throughout this transition and wish him the best of luck in future endeavors.”
Millard will remain as an employee through June 28, the company said. Angie’s List Controller Charles Hundt will become interim CFO while a permanent replacement is sought.
Millard joined Angie’s List in May 2011 when it was still privately held.
Thomas Harvey held the CFO's post from 2008 to 2010, and Keith Midkiff was CFO from 2004 to 2008.
Before Angie's List, Millard had been CFO at FinishMaster Inc., an Indianapolis-based automotive paints distributor. FinishMaster was owned by LDI Ltd., an Indianapolis holding company, before its sale to Uni-Select Inc. in January 2011.
Prior to that, Millard was CFO at Personnel Management Inc., a public company in Greenwood that was sold to a private equity firm.
"My time with Angie's List has been very rewarding and I am proud of what we have accomplished,” Millard said in a prepared statement. “I have great confidence in the team I have put in place and look forward to assisting Bill and the board in this transition."
Angie's List stock was down 28 cents, or 1.3 percent, in late-morning trading, to $19.57 a share.