Trupanion Promotes Drew Wolff to Chief Financial Officer
September 29 2021 - 4:05PM
Trupanion, Inc. (Nasdaq: TRUP) announced today the promotion
of Drew Wolff to Executive VP and Chief Financial Officer,
effective October 1, 2021. Tricia Plouf, Trupanion’s current CFO,
will remain in the position of Co-President, overseeing the
Company’s finance, actuarial, people and legal, technology, and
operations teams.
“We are very excited to announce Drew’s appointment to CFO,”
said Tricia Plouf, Co-President of Trupanion. “Drew has been an
integral part of our Company and additive to our culture since his
arrival this past May. His vast experience in consumer finance with
major global brands has proven to be a great addition to Trupanion.
I expect Drew’s transition into his expanded role will be seamless
given our close work together over the past several months.”
“Drew is a proven leader, and brings a wealth of experience with
global brands to Trupanion,” added Margi Tooth, Co-President of
Trupanion. “After working with Drew for several months, I am
excited to lean on his experience as we execute on our plans for
international expansion.”
Adding to Ms. Plouf’s and Ms. Tooth’s sentiments, Darryl
Rawlings, Trupanion’s Founder and Chief Executive Officer, said,
“Drew has been an outstanding addition to Trupanion and is highly
qualified to become our next CFO. As important, he is
pet-passionate, has a strong character and brings diverse life
experience to Trupanion. His appointment should also free up
Tricia’s bandwidth to focus on her role as Co-President, and in
partnership with Margi, the execution of our 60-month plan.”
Mr. Wolff holds over 20 years of financial management
experience, most recently having served as Chief Financial Officer
of International for Starbucks (2017 – 2020), and previously, as
Starbucks’ Global Treasurer (2014 – 2017). Prior to Starbucks, Mr.
Wolff served in senior financial and strategic planning roles at
large retail banks with operations in the U.S., Europe, and
Africa.
“Since joining Trupanion in May, I have been astounded by the
quality of talent across the organization,” said Drew Wolff,
Trupanion’s EVP of Finance and incoming CFO. “I look forward to
assuming the role of CFO and leveraging my experience leading
finance teams across global enterprises as we execute against
Trupanion’s long-term growth initiatives.”
Mr. Wolff holds a Master of Business Administration from the
University of Michigan and a Bachelor of Science in economics from
the United States Naval Academy. Before beginning his career in
business, he was a naval officer on board several nuclear
submarines.
About Trupanion
Trupanion is a leader in medical insurance for cats and dogs
throughout the United States, Canada and Australia with over
600,000 pets enrolled. For over two decades, Trupanion has given
pet owners peace of mind so they can focus on their pet's recovery,
not financial stress. Trupanion is committed to providing pet
owners with the highest value in pet medical insurance with
unlimited payouts for the life of their pets. With its proprietary
software, Trupanion is the only provider with the technology to pay
veterinarians directly in minutes at the time of checkout.
Trupanion is listed on NASDAQ under the symbol "TRUP". The company
was founded in 2000 and is headquartered in Seattle, WA. Trupanion
policies are issued, in the United States, by its wholly-owned
insurance entity American Pet Insurance Company and, in Canada, by
Omega General Insurance Company. Trupanion Australia is a
partnership between Trupanion and Hollard Insurance Company. For
more information, please visit trupanion.com.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934 relating to,
among other things, expectations, plans, prospects and financial
results for Trupanion, including, but not limited to, its
expectations regarding its ability to continue to grow its
enrollments and revenue, implement its alliance with Aflac and
otherwise execute its business plan. These forward-looking
statements are based upon the current expectations and beliefs of
Trupanion’s management as of the date of this press release, and
are subject to certain risks and uncertainties that could cause
actual results to differ materially from those described in the
forward-looking statements. All forward-looking statements made in
this press release are based on information available to Trupanion
as of the date hereof, and Trupanion has no obligation to update
these forward-looking statements.
In particular, the following factors, among others, could cause
results to differ materially from those expressed or implied by
such forward-looking statements: the ability to achieve or maintain
profitability and/or appropriate levels of cash flow in future
periods; the ability to keep growing our membership base and
revenue; the accuracy of assumptions used in determining
appropriate member acquisition expenditures; the severity and
frequency of claims; the ability to maintain high retention rates;
the accuracy of assumptions used in pricing medical plan
subscriptions and the ability to accurately estimate the impact of
new products or offerings on claims frequency; actual claims
expense exceeding estimates; regulatory and other constraints on
the ability to institute, or the decision to otherwise delay,
pricing modifications in response to changes in actual or estimated
claims expense; the effectiveness and statutory or regulatory
compliance of our Territory Partner model and of our Territory
Partners, veterinarians and other third parties in recommending
medical plan subscriptions to potential members; the ability to
retain existing Territory Partners and increase the number of
Territory Partners and active hospitals; compliance by us and those
referring us members with laws and regulations that apply to our
business, including the sale of a pet medical plan; the ability to
maintain the security of our data; fluctuations in the Canadian
currency exchange rate; the ability to protect our proprietary and
member information; the ability to maintain our culture and team;
the ability to maintain the requisite amount of risk-based capital;
our ability to implement and maintain effective controls, including
over financial reporting; the ability to protect and enforce
Trupanion’s intellectual property rights; the ability to
successfully implement our alliance with Aflac; the ability to
continue key contractual relationships with third parties;
third-party claims including litigation and regulatory actions; the
ability to recognize benefits from investments in new solutions and
enhancements to Trupanion’s technology platform and website; and
our ability to retain key personnel.
For a detailed discussion of these and other cautionary
statements, please refer to the risk factors discussed in filings
with the Securities and Exchange Commission (SEC), including but
not limited to, Trupanion’s Annual Report on Form 10-K for the year
ended December 31, 2020 and any subsequently filed reports on Forms
10-Q and 8-K. All documents are available through the SEC’s
Electronic Data Gathering Analysis and Retrieval system at
www.sec.gov or the Investor Relations section of Trupanion’s
website at http://investors.trupanion.com.
Contact
Laura Bainbridge, Vice President, Corporate
Communications206.607.1929InvestorRelations@trupanion.com
Trupanion (NASDAQ:TRUP)
Historical Stock Chart
From Mar 2024 to Apr 2024
Trupanion (NASDAQ:TRUP)
Historical Stock Chart
From Apr 2023 to Apr 2024