CEO of Ask.com Jim Lanzone has announced that he is leaving the company in a management shake-up at the company. Jim Safka, former CEO of Match.com, will take over the position according to The Wall Street Journal.
Scott Garell, who is CEO of IAC Consumer Applications & Portals, will take on the role of president of Ask.com. Lanzone will be going to Venture-capital firm Redpoint Ventures.
The IAC is restructuring with the intention of making Ask the flagship brand, the report continues. Owner Barry Diller announced that the company will be spinning off four business including Ticketmaster, HSN home shopping network and a grouping of financial businesses. More management changes are anticipated in the next few weeks according to a source knowing the IAC’s plans.
Ask.com was acquired by the IAC for $1.85 billion in July of 2005.