A Message from Embroker’s Board of Administrators
Efficient on the finish of January, Matt Miller, founding father of Embroker, might be stepping down from his position as CEO. The corporate has initiated a search with a prime government recruiting agency to seek out the following CEO of Embroker.
Following a depart of absence for well being causes, Matt has made the troublesome resolution to step away from his day-to-day government position 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 Administrators.
“I can not absolutely specific what a privilege it has been to construct and lead Embroker,” mentioned Matt Miller, founder. “I’m tremendously happy with the wonderful staff we’ve constructed and every part we’ve completed over the previous seven-plus years. I stay deeply dedicated to the corporate and I’m sure that the staff will proceed to succeed and hold pushing the business ahead.”
Throughout Matt’s depart, Embroker created the Workplace of the CEO to handle the corporate, in session with the Board of Administrators. The Workplace of the CEO, consisting of the CRO, CFO and Basic 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 are going to proceed doing so during the search and throughout the preliminary transition.
Matt’s impression on the enterprise is past measure, and the Board, executives and your complete staff 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. “With out 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 stay up for persevering with to execute towards his technique and fulfill his and the corporate’s imaginative and prescient.”
Since founding the corporate in 2015, Matt has led Embroker to turn out to be a class defining chief in its area. Below his management, Embroker has raised over $140M and has been acknowledged a number of instances as one of many quickest rising non-public corporations within the US and top-of-the-line locations to work in San Francisco.
“Matt’s management and deep area experience have been important to Embroker’s progress 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 progressive concepts to drive Embroker’s imaginative and prescient ahead and assist usher the corporate into its subsequent stage of progress,” 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 government staff are additionally working to make sure a easy transition with Embroker’s key buyers, advisors, clients, companions, and distributors.