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Message from Embroker Board of Directors
From the end of January, Matt Miller, founder of Embroker, will step down as CEO. The company initiated the search for a new Embroker CEO in conjunction with a top-tier recruiting firm.
After a sick leave, Matt made the difficult decision to step down from his current management position at the company. His passion for Embroker and the business remains unwavering and he will continue to participate as a member of the Board of Directors.
“I cannot fully express what a privilege it has been for me to create and lead Embroker,” said Matt Miller, Founder. “I’m very 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 confident that the team will continue to be successful and move the industry forward.”
During Matt’s vacation, Embroker set up a CEO office to run the company in consultation with the board of directors. The CEO’s office, made up of the CRO, CFO and General Counsel, continues to lead the company successfully as we expand our digital platform to radically simplify business insurance. They will continue to do so throughout the search and during the initial transition.
Matt’s impact on the business is immeasurable and Embroker’s board of directors, executives and entire team are grateful for his leadership and continued contributions.
“From day one, Matt has been an outstanding entrepreneur and leader in this business,” said Brendan Dickinson, investor and board member. “Without Matt, Embroker would not exist. From the inception of insurtech to its thriving multi-billion dollar market, he was a true innovator. We look forward to continuing his strategy and realizing his vision and the company’s vision.”
Since founding the company in 2015, Matt has helped Embroker become a leader in its segment. Under his leadership, Embroker has raised over $140 million and has been repeatedly recognized as one of the fastest growing private companies in the US and one of the best places to work in San Francisco.
“Matt’s leadership qualities and his deep domain knowledge have been critical to Embroker’s growth trajectory and positioning the company for long-term success. As we move forward, we look forward to the arrival of a new CEO with proven strengths and innovative ideas to drive the Embroker vision forward and help the company reach the next stage of growth,” added Mike. Vostrizhansky, co-investor and board member.
As we begin writing the next chapter in Embroker’s story, the company is well positioned to continue implementing its strategy and planning for 2023 and beyond. This includes the development of new platforms and products, technological advancements, more customized vertical solutions, and more. The board of directors and the executive team are also working to ensure a smooth transition with Embroker’s key investors, advisors, customers, partners and suppliers.
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