Chelsea Clinton Joins IAC's Board of Directors

8:16 AM PST 09/27/2011 by Associated Press
Daniel Berehulak/Getty Images

Shares of Barry Diller's Internet holding company rose 62 cents Tuesday, the day after the appointment was announced.

NEW YORK -- Chelsea Clinton has joined the board of directors of IAC/InterActiveCorp, media mogul Barry Diller's Internet holding company.

Clinton, 31, is a doctorate student at Oxford University and working at New York University. She is also working with the Clinton Foundation and the Clinton Global Initiative, IAC said on Monday.

Previously, she has worked at McKinsey & Co. and Avenue Capital.

IAC, which owns websites such as Match.com and Citysearch, also named Sonali De Rycker, 38, to its board. She is a partner at venture capital firm Accel Partners in London.

The two additions expand IAC's board to 14 members from 12. Clinton and De Rycker are not replacing anyone.

IAC/InteractiveCorp shares rose 62 cents, or 1.5 percent, to $41.11 in morning trading Tuesday.

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