A Message from Embroker’s Board of Directors
Effective on the finish of January, Matt Miller, founding father of Embroker, will probably be stepping down from his function as CEO. The firm has initiated a search with a high govt recruiting agency to search out the following CEO of Embroker.
Following a go away of absence for well being causes, Matt has made the troublesome determination to step away from his day-to-day govt function on the firm. His ardour for Embroker and the enterprise stays steadfast, and he’ll proceed to be concerned as a member of the Board of Directors.
“I can’t totally specific what a privilege it has been to construct and lead Embroker,” mentioned Matt Miller, founder. “I’m tremendously happy with the wonderful crew we’ve constructed and every little thing we’ve completed over the previous seven-plus years. I stay deeply dedicated to the corporate and I’m sure that the crew will proceed to succeed and hold pushing the business ahead.”
During Matt’s go away, Embroker created the Office of the CEO to handle the corporate, in session with the Board of Directors. The Office of the CEO, consisting of the CRO, CFO and General Counsel, has continued to efficiently lead the corporate as we develop our digital platform to make it radically easy to get enterprise insurance coverage. They will proceed doing so in the course of the search and through the preliminary transition.
Matt’s affect on the enterprise is past measure, and the Board, executives and the complete crew at Embroker are grateful for his management and his continued contributions.
“From day one, Matt has been an incredible entrepreneur and chief for this enterprise,” mentioned Brendan Dickinson, investor and member of the Board. “Without Matt, Embroker wouldn’t exist. He has been a real innovator, from when insurtech was simply rising to now a thriving multi-billion-dollar market. We sit up for persevering with to execute in opposition to his technique and fulfill his and the corporate’s imaginative and prescient.”
Since founding the corporate in 2015, Matt has led Embroker to grow to be a class defining chief in its house. Under his management, Embroker has raised over $140M and has been acknowledged a number of occasions as one of many quickest rising non-public firms within the US and probably the greatest locations to work in San Francisco.
“Matt’s management and deep area experience have been essential to Embroker’s development trajectory and positioning the corporate for long-term success. As we forge forward, we now look to usher in a brand new CEO with confirmed strengths and revolutionary concepts to drive Embroker’s imaginative and prescient ahead and assist usher the corporate into its subsequent stage of development,” added Mike Vostrizansky, fellow investor and member of the Board.
As we start writing the following chapter in Embroker’s story, the corporate is well-positioned to proceed its technique and ship on its 2023 plan and past. This contains new platform and product growth, know-how developments, extra customized vertical options, and extra. The Board and govt crew are additionally working to make sure a easy transition with Embroker’s key buyers, advisors, clients, companions, and distributors.