A message from the Ebroker board of directors
As of the end of January, Embroker founder Matt Miller will step down as CEO. The company has launched a search with a major executive recruitment firm to find the next CEO of Ebroker.
Following a leave of absence for health reasons, Matt has made the difficult decision to leave his day-to-day executive role with the company. His passion for Ebroker and the business remains strong, and he will continue to participate as a member of the Board of Directors.
“I cannot fully express what a privilege it has been to build and lead Embroker,” said Matt Miller, founder. “I am tremendously proud of the incredible team we have built and all that we have accomplished in the last seven years or more. I remain deeply committed to the company and am confident that the team will continue to succeed and drive the industry forward.”
During Matt’s leave, Embroker created the Office of the CEO to manage the company, in consultation with the Board of Directors. The Office of the CEO, comprised of the CRO, CFO, and General Counsel, has continued to successfully lead the company as we grow our digital platform to make it radically simple to get business insurance. They will continue to do so for the duration of the search and during the initial transition.
Matt’s impact on the business is incalculable, and the Ebroker Board, executives and entire team are grateful for his leadership and continued contributions.
“Since day one, Matt has been a tremendous entrepreneur and leader for this business,” said Brendan Dickinson, investor and Board Member. “Without Matt, Embroker would not exist. It 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 work against his strategy and fulfilling his and the company’s vision.”
Since founding the company in 2015, Matt has led Ebroker to become a category-defining leader in its space. Under his leadership, Embroker has raised more than $130 million and has been recognized multiple times 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 and deep domain experience have been critical to Embroker’s growth trajectory and positioning the company for long-term success. As we move forward, we now look to bring on a new CEO with proven strengths and innovative ideas to drive Embroker’s vision forward and help lead the company into its next stage of growth,” added Mike. Vostrizansky, fellow investor and Board member.
As we begin to write the next chapter in the Ebroker story, the company is well positioned to continue its strategy and deliver on its plan for 2023 and beyond. This includes the development of new platforms and products, technological advances, more custom vertical solutions, and more. The Board and executive team are also working to ensure a smooth transition with Embroker’s key investors, advisors, clients, partners and suppliers.
