A Message from Embroker’s Board of Directors
Effective on the finish of January, Matt Miller, founding father of Embroker, will likely be stepping down from his function as CEO. The firm has initiated a search with a prime govt recruiting agency to search out the subsequent CEO of Embroker.
Following a depart 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 Directors.
“I cannot fully express what a privilege it has been to build and lead Embroker,” stated Matt Miller, founder. “I am tremendously proud of the amazing team we’ve built and everything we’ve accomplished over the past seven-plus years. I remain deeply committed to the company and I am certain that the team will continue to succeed and keep pushing the industry forward.”
During Matt’s depart, 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 at some point of the search and throughout the preliminary transition.
Matt’s affect on the enterprise is past measure, and the Board, executives and the whole workforce at Embroker are grateful for his management and his continued contributions.
“From day one, Matt has been a tremendous entrepreneur and leader for this business,” stated Brendan Dickinson, investor and member of the Board. “Without Matt, Embroker would not exist. He has been a true innovator, from when insurtech was just emerging to now a thriving multi-billion-dollar market. We look forward to continuing to execute against his strategy and fulfill his and the company’s vision.”
Since founding the corporate in 2015, Matt has led Embroker to change into a class defining chief in its area. Under 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 the most effective locations to work in San Francisco.
“Matt’s leadership and deep domain expertise have been critical to Embroker’s growth trajectory and positioning the company for long-term success. As we forge ahead, we now look to bring in a new CEO with proven strengths and innovative ideas to drive Embroker’s vision forward and help usher the company into its next stage of growth,” 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 workforce are additionally working to make sure a easy transition with Embroker’s key traders, advisors, clients, companions, and distributors.