INTERVAL INTERNATIONAL APPOINTS JOHN A. GALEA CHIEF FINANCIAL OFFICER
Miami, FL, December 22, 2006 — Interval International, a leading global vacation exchange company and operating business of IAC/InterActiveCorp (Nasdaq: IACI), announced the appointment of John A. Galea as its chief financial officer. In this role, Galea is responsible for the company's financial planning and analysis, treasury, tax, and accounting divisions. He reports to Craig M. Nash, chairman and chief executive officer.
"We're extremely pleased to promote John to this key position since he has been an important contributor to Interval's finance team for the past six years," Nash commented. "His proven leadership and experience will be invaluable as we move the company forward."
Most recently, Galea served as the company's senior vice president and chief accounting officer. His responsibilities included the oversight of the company's worldwide accounting operations, as well as adherence to all statutory tax requirements. He also ensured compliance with SEC guidelines and federal regulations required of companies that are part of a publicly traded entity. He joined Interval in 2000 as vice president of accounting and corporate controller.
Previously, Galea was director of planning and forecasting for LNR Property Corporation, a leading real estate investment, finance, and management firm. Prior to his tenure with LNR, he held several senior financial positions, including chief financial officer and vice president of financial planning, with several publicly traded companies. Galea is a certified public accountant who practiced public accounting for four years with Deloitte Haskins and Sells, and is a member of both the Florida Institute of Certified Public Accountants (FICPA) and the American Institute of Certified Public Accountants (AICPA). He previously served as president of the Miami Chapter of the Institute of Internal Auditors. A native of New York City, Galea earned his bachelor in business administration degree from Florida International University.
About Interval International
Interval International, a leading vacation ownership exchange company, is celebrating 30 years of quality and innovation. Interval has a global network of more than 2,000 affiliated resorts in over 75 countries, and serves its developer clients and 1.8 million member families through 28 offices in 19 countries. The company provides a variety of services and year-round travel-related benefits to enhance members' vacation experiences. Headquartered in Miami, Florida, Interval International is part of IAC/InterActiveCorp, which operates leading and diversified businesses in sectors being transformed by the Internet, online and offline. Other IAC companies include Ask.com, Citysearch, Entertainment Publications, HSN, LendingTree, and Ticketmaster.
