Angi appoints Alex Tolston as chief legal officer, succeeding Shannon Shaw, to enhance legal and government affairs.
Quiver AI Summary
Angi has appointed Alex Tolston as its new chief legal officer, effective immediately, succeeding Shannon Shaw. Tolston brings extensive legal experience from his previous roles, including his recent position as chief legal officer at TEGNA, where he was involved in significant M&A transactions and AI initiatives. He will be a key part of Angi's executive team, overseeing legal and government affairs and reporting to CEO Mike Steib. Shaw will assist during the transition until March. CEO Steib praised Tolston's leadership abilities and expressed gratitude for Shaw's contributions during her tenure. Tolston emphasized Angi's focus on leveraging AI to improve services for homeowners and support professional growth.
Potential Positives
- Appointment of Alex Tolston as chief legal officer brings extensive legal experience, which may enhance Angi's corporate governance and regulatory compliance.
- Tolston's prior success in leading TEGNA's AI transformation could support Angi's initiatives to expand AI usage, potentially improving operational efficiency and service offerings.
- Tolston's background in M&A and strategic partnerships positions him to contribute to Angi's growth strategies and foster business development opportunities.
Potential Negatives
- The departure of former chief legal officer Shannon Shaw, who was instrumental in key corporate milestones such as the IPO and the acquisition by IAC, may signal instability or a potential shift in company direction.
- The announcement that Angi is at a "pivotal point" in its journey could imply that the company is facing challenges that require significant changes in strategy or leadership, which may concern investors.
FAQ
Who is the new chief legal officer of Angi?
Alex Tolston has been appointed as the new chief legal officer of Angi.
What was Alex Tolston's previous position before joining Angi?
Before joining Angi, Alex Tolston served as the chief legal officer at TEGNA.
How does Alex Tolston plan to contribute to Angi's growth?
He aims to expand AI usage and streamline the process for homeowners hiring skilled professionals.
What is the significance of Alex Tolston's appointment for Angi?
His extensive legal experience is expected to strengthen Angi's leadership and support its growth strategy.
What role will Shannon Shaw have following her departure?
Shannon Shaw will serve as an advisor to Angi until March to ensure a smooth transition.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$ANGI Revenue
$ANGI had revenues of $242M in Q3 2026. This is a decrease of -8.89% from the same period in the prior year.
You can track ANGI financials on Quiver Quantitative's ANGI stock page.
You can access data on ANGI stock through the Quiver Quantitative API.
$ANGI Hedge Fund Activity
We have seen 79 institutional investors add shares of $ANGI stock to their portfolio, and 124 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- BLACKROCK, INC. added 1,765,370 shares (+60.4%) to their portfolio in Q2 2026, for an estimated $10,503,951
- WESTERN STANDARD LLC removed 1,213,557 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $7,220,664
- CERITY PARTNERS LLC removed 1,127,511 shares (-98.3%) from their portfolio in Q2 2026, for an estimated $6,708,690
- SOAPSTONE MANAGEMENT L.P. removed 1,000,000 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $5,950,000
- GOLDMAN SACHS GROUP INC removed 793,511 shares (-44.1%) from their portfolio in Q2 2026, for an estimated $4,721,390
- AQR CAPITAL MANAGEMENT LLC added 560,056 shares (+154.4%) to their portfolio in Q2 2026, for an estimated $3,332,333
- ULYSSES MANAGEMENT LLC removed 547,956 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $3,260,338
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
Full Release
DENVER, Nov. 12, 2026 (GLOBE NEWSWIRE) -- Angi (NASDAQ: ANGI), a leading digital home services marketplace, today announced the appointment of Alex Tolston as chief legal officer, succeeding Shannon Shaw, effective immediately. Tolston will join Angi’s executive leadership team, oversee the company’s legal and government affairs and report to CEO Mike Steib.
Tolston has extensive legal experience at publicly traded companies across corporate governance, regulation, M&A, capital markets and litigation. Most recently, Tolston served as senior vice president and chief legal officer of TEGNA (NYSE: TGNA), a US-based media company, where he helped lead its AI transformation and led the legal work on its March 2026 $6.2B sale to Nexstar Media Group. Prior to TEGNA, he served as executive vice president, chief legal officer and corporate secretary at Hemisphere Media Group, a publicly traded US media company focused on Spanish-language streaming, broadcast television, and cable networks. During his time, he was an integral part of its M&A strategy, joint ventures, key licensing partnerships, and the sale of the company in 2022. Prior to his tenure at Hemisphere, he practiced law at Paul, Weiss, Rifkind, Wharton & Garrison LLP, and was outside counsel to Hemisphere in its 2013 IPO.
“Alex is a world class lawyer, leader, and business partner. His commitment to winning and ability to lead through change make him a perfect fit for our team,” said Mike Steib, CEO of Angi. “It’s great to be working together again.”
“Angi is at a pivotal point in its journey,” said Alex Tolston. “We’re expanding how we use AI and finding new ways to make it easier for homeowners to hire skilled pros, so more home projects get done well and more pros can grow their businesses. I’m grateful to Mike, the board and the leadership team for their confidence in me. I look forward to helping Angi return to growth with velocity and innovation.”
Shaw will serve as advisor to the company until March to support a smooth transition. Steib expressed the company’s appreciation for Shaw’s leadership as chief legal officer. “Shannon built and led the legal team at Angi, formerly Angie’s List, through its IPO, acquisition by IAC and subsequent spinout. She will be missed, and she has our deepest gratitude,” Steib said.
About Angi Inc.
Angi (NASDAQ: ANGI) helps homeowners get home projects done well and helps home service professionals grow their businesses. Founded in 1995, Angi connects homeowners with skilled local professionals, from plumbers and electricians to remodelers and landscapers, and provides tools for researching costs, planning projects and hiring with confidence. Homeowners have turned to Angi, and our vast network of skilled home pros, for help with more than 300 million projects.
Contact Information:
Angi Investor Relations
IR team
(720) 282-1958
Angi Corporate Communications
Jennifer Myers
(303) 963-8352
