Porch Group Appoints Amanda Reierson and Camilla Velasquez to Board of Directors as Independent Directors
October 04 2022 - 04:15PM
Porch Group, Inc. (“Porch Group” or “the Company”) (NASDAQ: PRCH),
a leading vertical software company reinventing the home services
and insurance industries, today announced that Amanda Reierson and
Camilla Velasquez have been appointed to its Board of Directors
(“Board”), effective immediately. With the appointment of these two
accomplished women, Porch Group’s Board will comprise eight
directors, fifty percent of whom are members of diverse
communities.
“We are very pleased to have Amanda and Camilla join our Board,"
said Matt Ehrlichman, CEO, Chairman and Founder of Porch Group.
“The addition of these directors complements our board of
directors' skills and experiences, in particular across home
services, insurance and direct-to-consumer e-commerce, and we are
confident they will provide valuable perspectives as we continue to
execute our strategy, drive towards profitability and enhance value
for all Porch Group stakeholders."
“Porch Group’s evolution and maturation towards a sustainable
growth engine are bolstered with the addition of these talented
innovators,” added Rachel Lam, independent director at Porch Group
since 2021 and chair of the Nominating and Corporate Governance
Committee that oversaw the recruiting and onboarding efforts.
“After a thorough and fruitful search focused on independence and
diversity as well as world-class skills and experiences, I couldn’t
be more excited about the positive impact Amanda and Camilla will
have on our Board and Porch Group as a whole.”
Reierson and Velasquez will serve on the Mergers and
Acquisitions Committee and the Compensation Committee,
respectively. The former will serve as a Class I director, and the
latter will serve as a Class II director. Complete information
about current Board committee composition and committee chair roles
appears on the Company’s Investor Relations website,
www.porchgroup.com.
About Amanda ReiersonAmanda Reierson is a
marketing veteran with over two decades of experience in the space,
including significant management experience in the home services
and property and casualty insurance sectors. Reierson most recently
served as Head of Marketing at Sequoia-backed Thumbtack, the modern
home management platform that helps homeowners confidently care for
their homes. At Thumbtack, Reierson oversaw all branding and
creative efforts, growth marketing, CRM and product marketing.
Prior, Reierson was Chief Growth Officer for Farmers Insurance,
where she was instrumental in the company’s digital transformation,
leading media strategy, digital sales, and the marketing technology
roadmap. Reierson has held additional B2C and B2B marketing
positions throughout her career, including strategic roles at
Yahoo!, DIRECTV, and The Los Angeles Times. She received her B.A.
in Political Science from the University of California, Los
Angeles.
About Camilla VelasquezCamilla Velasquez is an
accomplished senior product and growth leader who currently serves
as the SVP and General Manager of New York Times Cooking. Prior,
Velasquez worked as SVP of Product and Strategy at Justworks, the
fastest growing HR technology company, which provides
entrepreneurs, small businesses and non-profits with the SaaS tools
and employee benefits needed to grow, in addition to monetizing
consumer transactions. Throughout her career, Velasquez also held
roles including Director of Payment Products and Multichannel Sales
at Etsy and Director of New Product Development at American
Express. In addition to her corporate experience, Velasquez sits on
the board of ioby, a group that mobilizes neighbors who have
good ideas to become powerful citizen leaders who plan, fund, and
make positive change in their neighborhoods, and serves as the
Board Chair for Young New Yorkers, an arts-based, youth diversion
program focused on criminal justice reform. She holds a B.A. in
Economics and in Spanish from Cornell University.
About Porch GroupSeattle-based Porch Group, the
vertical software platform for the home, provides software and
services to more than 28,500 home services companies, such as home
inspectors, moving companies, real estate agencies, utility
companies, and warranty companies. Through these relationships and
its multiple brands, Porch Group provides a moving concierge
service to homebuyers, helping them save time and make better
decisions on critical services, including insurance, moving,
security, TV/internet, home repair and improvement, and more. To
learn more about Porch Group,
visit porchgroup.com or porch.com.
Porch Group ContactsInvestor
Relations:Emily Lear, Head of Investor RelationsPorch
Group(701) 214-8177Emilylear@porch.com
Press:Anna RutterGateway Group, Inc.(949)
386-6332PRCH@gatewayir.com
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