NEW YORK (TheStreet) -- Shares of Angie's List were gaining 9.6% to $6.16 Wednesday after the online local business review company announced CEO William Oesterle will step down and raised its EBITDA guidance. Angie's List announced that Oesterle will leave the company after the board of directors appoint a successor, and will serve at least through the remainder of his current term. Oesterle is stepping down to pursue other interests which include becoming more civically involved in the state of Indiana. The company said it retained executive search firm Spencer Stuart to assist in the search for a new CEO. Angie's List also raised its 2015 EBITDA guidance to a range of $30 million to $32 million, up from a range of $28 million to $30 million. The increase is primarily due to efficiencies in operating expenses, according to the company. ANGI data by YCharts Must Read: Warren Buffett's Top 25 Stocks for 2015
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