Tuesday, September 12, 2017

Ancestry.com CEO Steps Down, IPO Delayed

Lehi, Utah-based family history site Ancestry.com said this morning that its CEO, Tim Sullivan, is stepping down. According to Ancestry.com, Sullivan will shift to become Chairman of the board. Howard Hochhauser, the company's CFO and COO, will become interim CEO while the company launches a search for a new CEO. Sullivan has been CEO at Ancestry.com. According to reports, the executive switchup will result in a delay to Ancestry.com's IPO efforts. Ancestry.com is backed by private equity investor Silver Lake.