A Message from Embroker’s Board of Administrators
Efficient on the finish of January, Matt Miller, founding father of Embroker, shall be stepping down from his function as CEO. The corporate has initiated a search with a high govt recruiting agency to seek out the subsequent CEO of Embroker.
Following a go away of absence for well being causes, Matt has made the tough 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 Administrators.
“I can not totally categorical 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 part we’ve achieved 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 trade ahead.”
Throughout Matt’s go away, 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’ll proceed doing so all through the search and in the course of the preliminary transition.
Matt’s influence 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. “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 look ahead to 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 grow to be a class defining chief in its area. Underneath his management, Embroker has raised over $130M and has been acknowledged a number of occasions as one of many quickest rising non-public firms within the US and among the finest locations to work in San Francisco.
“Matt’s management and deep area experience have been essential to Embroker’s progress trajectory and positioning the corporate for long-term success. As we forge forward, we now look to herald 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 subsequent 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 improvement, expertise developments, extra customized vertical options, and extra. The Board and govt crew are additionally working to make sure a clean transition with Embroker’s key traders, advisors, clients, companions, and distributors.