In this role, Mr. Schiffman oversees corporate finance, accounting, M&A, investor relations, and administration functions. Its long-term debt was $4 billion. [18] Schiffman is Founder and Chairman of the Valerie Fund Endowment and a member of the Valerie Fund’s Board of Advisors. Mr. Schiffman serves on the Board of Directors of Match Group and ANGI Homeservices Inc. For fiscal year 2018, the median employee pay was $52,402 at IAC/InterActiveCorp. Earnings Results IAC beats on earnings but sees ANGI Homeservices growth slow for January Last Updated: Feb. 4, 2021 at 10:57 a.m. IAC (NASDAQ: IAC) builds companies. Prior to his appointment at IAC, Mr. Schiffman served as Senior Managing Director at Guggenheim Securities. in Economics and History. [3], In 2009, the Atlas Awards named Schiffman, then Senior Managing Director and Head of Asia Pacific Investment Banking at Nomura, the Asia M&A Banker of the Year. [15] In November 2019, he was named as one of Institutional Investor's Best CFOs on the Sell-Side for the Internet Sector. Barry Diller's IAC/InterActiveCorp, which owns popular dating app Tinder, said it hired ex-Lehman Brothers investment banker Glenn Schiffman as its Chief Financial Officer. The Internet conglomerate IAC/InterActiveCorp. Mark Schneider Senior Vice President, Finance and Investor Relations iac From the single seed that started as IAC over two decades ago have emerged 10 public companies and generations of exceptional leaders. Glenn H. Schiffman. IAC Chief Financial Officer Glenn H. Schiffman will also assume the role of interim ANGI Homeservices Chief Financial Officer as the company conducts a … Other past leadership roles include Co-Head of Global Media at Lehman Brothers, Head of Investment Banking Asia-Pacific at Lehman Brothers, and subsequently Nomura, as well as Head of Investment Banking, Americas for Nomura following Nomura’s acquisition of Lehman’s Asia business. We are guided by curiosity, a questioning of the status quo, and a desire to invent or acquire new products and brands. Previously, he was a Partner at The Raine Group, a merchant bank focused on advising and investing in the technology, media, and telecommunications industries. Mr. Schiffman succeeds Jeff Kip, whose departure as CFO was announced last summer. Schiffman explained how IAC allocates capital toward three pursuits: (1) investing in our existing businesses; (2) acquisitions; and (3) share repurchases and dividends. [5] Schiffman was subsequently appointed Head of Investment Banking Asia-Pacific, prior to being elevated to Head of Investment Banking for the Americas and CEO of Nomura Securities North America in 2010. “It’s more difficult than it’s been in a while to execute deals. Founder of The Valerie Fund, Glenn H. Schiffman currently holds the position of Chief Financial Officer & Executive Vice President of IAC, Chief Financial Officer for Angie's List, Inc. (a subsidiary of IAC) and Chief Financial Officer & Executive Vice President at IAC Holdings, Inc. (Florida). He is a member of the National Committee on United States-China Relations and a member of the Duke Children’s National Leadership Council. Good morning, everyone, and thank you so much for all the time you’re going to spend with us this morning and we’ll probably creep into the early afternoon, as you know by the agenda. Glenn H. Schiffman is an American businessman and Chief Financial Officer of IAC. ET ET First Published: Feb. 3, 2021 at 4:13 p.m. [11], Schiffman is on the Board of Directors of Match Group[12] and ANGI Homeservices. We are guided by curiosity, a questioning of the status quo, and a desire to invent or acquire new products and brands. “Because you have the backdrop of earnings, everyone takes your call and is ready within 10 seconds to produce analysis for you,” says Schiffman, […] IAC has just appointed “veteran banker” Glenn H. Schiffman as its new Chief Financial Officer. This article was originally published on Forbes.com Like many of his finance leader peers, Glenn Schiffman, CFO of Internet holding company IAC, views the week that precedes quarterly earnings announcements as sacrosanct. He previously served on the Duke Health Board of Visitors from May 2008 until June 2019 and the Duke School of Medicine Board of Visitors from July 2019 until June 2020. Schiffman was appointed to the position at IAC in April 2016, after previously serving as Senior Managing Director at Guggenheim Securities. Founder of The Valerie Fund, Glenn H. Schiffman currently holds the position of Chief Financial Officer & Executive Vice President of IAC, Chief Financial Officer for Angie's List, Inc. (a subsidiary of IAC) and Chief Financial Officer & Executive Vice President at IAC Holdings, Inc. (Florida). IAC | 23.662 Follower auf LinkedIn | IAC builds companies. [16], Schiffman was named Institutional Investor’s CFO of the Year 2021 for the Sell-Side. [3] In these positions, Schiffman helped build the M&A business, leading it to win a number of awards, including FinanceAsia's Momentum House of the Year for 2007 and the number one position in completed M&A deals for 2008. ", In a CFO Insights column with Forbes on January 11, 2019, Schiffman explained the importance of balancing short-term success and long-term growth by working closely with brand executives. [17], In 2014, Schiffman and his wife, Stacy Schiffman, pledged $1 million to create a pediatric cancer research fund at Duke Children’s Hospital & Health Center. NEW YORK, April 7, 2016 /PRNewswire/ -- IAC (NASDAQ: IAC) today announced the appointment of Glenn H. Schiffman as Chief Financial Officer, effective immediately. Glenn H Schiffman is Exec VP/Chief Financial Officer at Iac/Interactivecorp. He is a member of the National Committee on United States-China Relations and a member of the Duke Children’s National Leadership Council. View the profiles of professionals named "Glenn Schiffman" on LinkedIn. [4] From 2011-2013, Schiffman served as Partner at The Raine Group before becoming Senior Managing Director at Guggenheim Securities from 2013-2016. Glenn H. Schiffman is Executive Vice President and Chief Financial Officer of IAC. [4] Over his career, he was credited with executing deals well in excess of $100 billion and played a key role in managing the sale of Lehman’s Asian Business to Nomura in September 2008. IAC CFO Glenn Schiffman discusses the current M&A landscape in The Wall Street Journal. He currently serves as interim Chief Financial Officer of ANGI Homeservices Inc., a role he previously held from September 2017 until August 2019. Glenn Schiffman An investor who put $1 into the company in 1995 and never sold their shares would have a $21 investment today, according to IAC finance chief Glenn Schiffman, who spoke at the recent, CFO -hosted conference, CFO Live. Glenn H. Schiffman has served as Executive Vice President and Chief Financial Officer of IAC since April 2016. There are 4 professionals named "Glenn Schiffman", who use LinkedIn to exchange information, ideas, and opportunities. He is Founder and Chairman of the Valerie Fund Endowment and a member of the Valerie Fund’s Board of Advisors. In this role, Mr. Schiffman oversees corporate finance, accounting, M&A, investor relations, and administration functions. [3], In 2016, Schiffman joined IAC as Executive Vice President and Chief Financial Officer, with IAC CEO Joey Levin citing Schiffman’s “outstanding record of integrity, creativity and operational leadership” as a tremendous asset to the company. Copyright © 2020 IAC. Share to Linkedin Like many of his finance leader peers, Glenn Schiffman, CFO of Internet holding company IAC, views the week that precedes quarterly earnings announcements as sacrosanct. [19], Please help to demonstrate the notability of the topic by citing, Learn how and when to remove this template message, "Nomura Appoints New Investment Banking Heads for the Americas and Asia ex-Japan", "Top Nomura Asia banker Schiffman heads to U.S", "Glenn Schiffman, Veteran Media Investment Banker, Joins IAC", "More Companies Are Selling Assets to Raise Cash for Growth", "Media Power IAC Paints Picture of Proactive IR", "Brand Success Stems From Strong Corporate Strategy", "Effective Capital Allocation: A Force Multiplier", "Company Overview of ANGI Homeservices, Inc", "Glenn H. Schiffman Joins Guggenheim Securities As Senior Managing Director", "$1 Million Gift Supports Pediatric Cancer Research at Duke Children's Hospital", https://en.wikipedia.org/w/index.php?title=Glenn_H._Schiffman&oldid=1001833347, Duke University Trinity College of Arts and Sciences alumni, Articles with topics of unclear notability from August 2018, All articles with topics of unclear notability, Biography articles with topics of unclear notability, Creative Commons Attribution-ShareAlike License, This page was last edited on 21 January 2021, at 15:53. See Glenn H Schiffman's compensation, career history, education, & memberships. [13] He currently serves as interim Chief Financial Officer of ANGI Homeservices Inc., a role he previously held from September 2017 until August 2019. Prior to his appointment at IAC, Mr. Schiffman served as Senior Managing Director at … once again saw strong momentum for its Vimeo unit, though growth at home-improvement platform ANGI Homeservices Inc. slowed as the … For IAC finance chief Glenn Schiffman, a disciplined, rigorous approach to making investment decisions is the key to winning superior returns. Mr. Schiffman has a degree in economics and history from Duke University. Therefore, the ratio of Glenn H. Schiffman's pay to the median employee pay was 163 to one. IAC, including Match and ANGI, had $2.9 billion in cash, cash equivalents and marketable securities at the end of March, alongside a revolving credit facility. All right, I think we’re now broadcasting to all our attendees. IAC/InteractiveCorp. He was named Institutional Investor’s CFO of the Year for the Midcap Internet Sector in 2018 and Institutional Investor’s CFO of the Year 2021 for the Sell-Side. Glenn H. Schiffman is Executive Vice President and Chief Financial Officer of IAC. [10], In June 2019, he published a column in CFO Magazine describing the importance of a detailed, rigorous approach to capital allocation in order to win superior returns. IAC/InterActiveCorp (NASDAQ:IAC) Q2 2020 Earnings Conference Call August 11, 2020, 08:30 AM ET Company Participants Glenn Schiffman - CFO Joey Levin - CEO IAC Brandon Ridenour - … One of the most important functions of any company is effective capital allocation. View Glenn H. Schiffman’s profile on LinkedIn, the world's largest professional community. Schiffman was appointed to the position at IAC in April 2016, after previously serving as Senior Managing Director at Guggenheim Securities. Asset prices have gone up, there is more competition, including from SPACs.” # mergersandacquistions # dealmaker # businessstrategy # finance said on Thursday that it had hired as its chief financial officer Glenn H. Schiffman, a former co-head of media banking at Lehman Brothers. [6], In 2018, The Wall Street Journal cited Schiffman’s capital allocation strategy within IAC as an example of a growing trend among global companies to sell assets “as a way to narrow strategic focus and funnel funds to stronger areas of the business.”[7] A profile of Schiffman in CFO Magazine on May 24, 2018, detailed his approach to investor relations and disciplined financial management with a focus on “compounding capital over the long term,”[8] and in an interview with CFO Thought Leader [9] in November 2018, Schiffman reflected on his past experiences and how he learned to "separate the urgent from the important. [14], In November 2017, Schiffman was named Institutional Investor’s CFO of the Year for the Midcap Internet Sector. 645: The Investor Came Knocking | Glenn Schiffman, CFO, IAC Apple Podcasts Google Podcasts Player Embed Share Leave a Review Listen in a New Window Download SoundCloud Stitcher Subscribe on Android Subscribe via RSS Spotify Where to Listen LinkedIn LinkedIn Glenn H. has 7 jobs listed on their profile. Glenn H. Schiffman is an American businessman and Chief Financial Officer of IAC. Prior to joining IAC, Mr. Schiffman served as Senior Managing Director at Guggenheim Securities, the investment banking and capital markets business of Guggenheim Partners, starting in March 2013. And welcome to our Q&A session with IAC business leaders. Earlier today, the company confirmed the addition of Schiffman to its executive board, succeeding Jeff Kip – whose departure was announced last summer. Schiffman also received $3.5M in bonus, $600K in salary, as well as $150K in other compensation. IAC [NEW YORK] (NASDAQ: IAC) announced the appointment of Glenn H. Schiffman as Chief Financial Officer. On Friday, shortly after the release of IAC’s May 6 Q1 report, I talked once again with CFO Glenn Schiffman (a November 2019 interview can be found … He previously served on the Duke Health Board of Visitors from May 2008 until June 2019 and the Duke School of Medicine Board of Visitors from July 2019 until June 2020. Glenn H. Schiffman is Executive Vice President and Chief Financial Officer of IAC. I recently had a chance to talk with Glenn Schiffman, who has been IAC's CFO since 2016, about a number of these businesses as well as IAC's broader strategic thinking. Glenn H. Schiffman-- Executive Vice President and Chief Financial Officer Joining me today is, Joey Levin, Chairman of ANGI Homeservices and CEO of IAC; and Brandon Ridenour, CEO of ANGI Homeservices. A dollar invested in an S&P 500 index fund at the same time would be worth only $9 now, he said. Mr. Schiffman said IAC had been providing annual forecasts for earnings before interest, tax, depreciation and amortization and quarterly revenue information since 2016, the year he became IAC … IAC/InterActiveCorp and ANGI Homeservices, Inc. (NASDAQ:IAC) Q4 2020 Earnings Conference Call February 4, 2021 8:30 AM ET Company Participants. All Rights Reserved. [2] He began his career at Lehman Brothers in 1991, where he spent 18 years in a variety of roles, including Co-Head of the Global Media Group and Head of Asia-Pacific Investment Banking. Glenn Schiffman, CFO, IAC. Share to Linkedin As the EVP and CFO of a holding company, mergers and acquisitions (M&A) are Glenn H. Schiffman’s bailiwick – since joining IAC … Prior to his most recent role as Senior Managing Director at Guggenheim Securities, Mr. Schiffman was a Partner at The Raine Group. From the single seed that started as IAC over two decades ago have emerged 10 public companies and … [1], Schiffman graduated from Duke University with a B.A.