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Yelp Appoints Home Services Leader Chris Terrill to its Board of Directors
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
management
Rhea-AI Summary
Yelp Inc. has announced the appointment of Chris Terrill to its Board of Directors, effective immediately. Terrill, a seasoned internet executive and former CEO of ANGI Homeservices, brings extensive experience in building online marketplaces connecting consumers with local services. He replaces Brian Sharples, who steps down on June 2, 2022. Yelp's CEO, Jeremy Stoppelman, highlighted Terrill's expertise as a key asset for enhancing Yelp's service offerings. The company continues its strategy to build long-term shareholder value.
Positive
Appointment of Chris Terrill expected to enhance Yelp's strategic direction.
Terrill's experience in online marketplaces may improve user and business engagement.
Negative
Transition in leadership may cause temporary disruptions in company strategy.
SAN FRANCISCO--(BUSINESS WIRE)--
Yelp Inc. (NYSE: YELP), the company that connects people with great local businesses, today announced the appointment of Chris Terrill, former chief executive officer of ANGI Homeservices (now Angi Inc.) and HomeAdvisor.com, to its Board of Directors, effective immediately.
Terrill is a tenured internet executive who has a strong record of building highly successful businesses, including ANGI Homeservices, which grew to a multi-billion-dollar public company by the time of his departure.
“Chris brings extensive experience in building online marketplaces that connect consumers with local service professionals,” said Jeremy Stoppelman, Yelp’s co-founder and chief executive officer. “His perspective will bring tremendous value as we continue to differentiate the services product experience for users and businesses on Yelp.”
Terrill has served as executive co-chairman of Z-Work Acquisition Corp., a special purpose acquisition company investing in the work technology business, since February 2021. He previously served as chief executive officer and a director of ANGI Homeservices (now Angi Inc.), a digital marketplace for home services, from September 2017 to November 2018. Terrill served as chief executive officer of HomeAdvisor.com, a wholly-owned subsidiary of IAC that merged with Angie’s List in September 2017 to form ANGI Homeservices, beginning in May 2011. Prior to joining HomeAdvisor, Terrill held senior marketing roles at Nutrisystem.com, Blockbuster.com and Match.com. He holds a B.S. from the University of Texas at Austin and an M.B.A. from the University of Houston.
Terrill joins Yelp’s Board of Directors following Brian Sharples’ decision to step down at the end of his current term on June 2, 2022, after serving more than three years on the Yelp Board and Audit Committee.
“We are pleased to welcome Chris to the Yelp board. His expertise, energy and enthusiasm for connecting people with great local service businesses will serve us well as we continue to execute our strategy and build long-term shareholder value,” said Diane Irvine, chair of the Yelp Board of Directors. “On behalf of the Board, I’d also like to extend my sincere appreciation to Brian for the expertise, valuable perspectives and commitment he has brought to the Yelp Board. We are thankful for his many contributions and wish him well in all future endeavors.”
About Yelp
Yelp Inc. (www.yelp.com) connects people with great local businesses. With trusted local business information, photos, and review content, Yelp provides a one-stop local platform for consumers to discover, connect, and transact with local businesses of all sizes by making it easy to request a quote, join a waitlist, and make a reservation, appointment, or purchase. Yelp was founded in San Francisco in July 2004.
Yelp intends to make future announcements of material financial and other information through its Investor Relations website. Yelp will also, from time to time, disclose this information through press releases, filings with the Securities and Exchange Commission, conference calls, or webcasts, as required by applicable law.
What is the significance of Chris Terrill's appointment to Yelp's Board?
Chris Terrill's appointment is significant as he brings extensive experience in building online marketplaces, which may enhance Yelp's service offerings and strategic direction.
Who did Chris Terrill replace on Yelp's Board?
Chris Terrill replaced Brian Sharples, who is stepping down from the Board after serving for over three years.
When did Brian Sharples announce his departure from Yelp's Board?
Brian Sharples announced his departure from Yelp's Board, effective June 2, 2022.
What experience does Chris Terrill bring to Yelp?
Chris Terrill brings a strong background in digital marketplace development, having successfully led ANGI Homeservices and other companies in the space.
How might Chris Terrill's experience impact Yelp's business?
Terrill's experience is expected to positively impact Yelp by potentially improving its local service connections and overall user experience.
