A Message from Embroker’s Board of Directors
Effective at the end of January, Matt Miller, founder of Embroker, will be stepping down from his role as CEO. The company has initiated a search with a top executive recruiting firm to find the next CEO of Embroker.
Following a leave of absence for health reasons, Matt has made the difficult decision to step away from his day-to-day executive role at the company. His passion for Embroker and the business remains steadfast, and he will continue to be involved 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 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 leave, Embroker created the Office of the CEO to manage the company, in consultation with the Board of Directors. The Office of the CEO, consisting 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 doing so for the duration of the search and during the initial transition.
Matt’s impact on the business is beyond measure, and the Board, executives and the entire team at Embroker are grateful for his leadership and his continued contributions.
“From day one, Matt has been a tremendous entrepreneur and leader for this business,” said 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 company in 2015, Matt has led Embroker to become a category defining leader in its space. Under his leadership, Embroker has raised over $130M 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 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 begin writing the next chapter in Embroker’s story, the company is well-positioned to continue its strategy and deliver on its 2023 plan and beyond. This includes new platform and product development, technology advancements, 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, customers, partners, and vendors.