Indianapolis-based Angie's List (NASDAQ:ANGI) is getting a new CFO.
On Wednesday, the online contractor-ratings service announced that it has hired away Nokia Senior Director for Business Planning and Operations Thomas R. Fox to become its next Chief Financial Officer. Fox will replace Company Controller and interim CFO Charles Hundt, who has filled the CFO's role since the departure of former CFO Robert Millard in March.
Welcoming Fox to the team, Angie's List CEO Bill Oesterle described Fox as having "a unique combination of finance, operations, and capital markets experience, and a proven track record of partnering with leadership teams to deliver strong performance at," and called him "an ideal fit for Angie's List as we continue our rapid growth."
In a filing with the SEC, Angie's List advised that it will be paying Fox an annual salary of $300,000, plus:
- a guaranteed 2013 bonus of $150,000
- an annual bonus targeting 50% of salary for 2014 and subsequently
- 180,000 stock options vesting over four years
- $53,000 in reimbursement of relocation expenses.