Lemonade, the insurance company powered by artificial
intelligence and behavioral economics, announced it has elected two
new members to its board of directors, Irina Novoselsky and Silvija
Martincevic, effective immediately.
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the full release here:
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Lemonade Names Irina Novoselsky and
Silvija Martincevic to Its Board of Directors (Photo: Business
Wire)
Irina Novoselsky is a seasoned technology executive, with a
strong record of driving growth and operational efficiency for
complex, global organizations. She is currently the Chief Executive
Officer and member of the Board of CareerBuilder, a global talent
acquisition media and SaaS business. Previously she served as the
President of Novitex Enterprise Solutions, a technology outsourcing
business. Prior to Novitex, Irina was an investment professional at
Apollo Global Management in the Private Equity Group and an
investment banker in the M&A Group at Morgan Stanley.
“I’ve focused much of my career leveraging disruptive
technologies to create better customer experiences. Lemonade’s
frictionless user experience and modern business model challenging
the status quo is a natural alignment,” Novoselsky shared. “I look
forward to working with Daniel, Shai, and the Lemonade board and
leadership team to contribute to the future success of this growth
company.”
Silvija Martincevic is the Chief Commercial Officer of Affirm, a
payments technology company dedicated to building honest financial
products that improve lives. At Affirm, she is responsible for
commercial, partnership, and marketing strategy. Prior to her
current role, from 2011 until 2018, Silvija served in a variety of
leadership positions at Groupon including Chief Operating Officer
and Chief Marketing Officer of Groupon’s international business
across Europe, Asia, and Australia. Silvija also spent a decade in
the investment management industry where she founded her own
company focused on socially-responsible equity investments.
“I am a firm believer that companies can have a mission and
product that prioritize the consumer while yielding strong business
results, and Lemonade is a prime example,” said Martincevic. “I am
excited to join the company’s Board of Directors and look forward
to working with the wider Lemonade team in supporting the company’s
continued growth.”
The two new board members replace Haim Sadger and Tom Hutton,
who stepped down today after serving on Lemonade’s board since its
earliest days. Both Haim and Tom brought to Lemonade exceptional
insight and depth of experience, and their dedication to the
company is greatly appreciated.
“Irina and Silvija each bring a wealth of experience, knowledge,
and consumer and financial know-how, and we’re thrilled to welcome
them to the Lemonade board,” said Daniel Schreiber, Lemonade CEO
and cofounder. “We’re also hugely grateful to Haim and Tom for
their years of support, wisdom, and friendship. Lemonade would not
have gotten as far as we have if it weren’t for them.”
Along with Irina and Silvia, Lemonade’s current board is
comprised of Lemonade cofounders Daniel Schreiber and Shai
Wininger, Joel Cutler (Cofounder, Managing Director, General
Catalyst Partners), Michael Eisenberg (Partner, Aleph), Shu Nyatta
(Managing Partner, Softbank Group International), and Caryn
Seidman-Becker (Chairman & CEO, CLEAR).
About Lemonade
Lemonade offers renters, homeowners, pet, and life insurance.
Powered by artificial intelligence and behavioral economics,
Lemonade’s full stack insurance carriers in the US and the EU
replace brokers and bureaucracy with bots and machine learning,
aiming for zero paperwork and instant everything. A Certified
B-Corp, Lemonade gives unused premiums to nonprofits selected by
its community during its annual Giveback. Lemonade is currently
available in the United States, Germany, the Netherlands, and
France, and continues to expand globally.
Stay in touch at @lemonade_inc or press@lemonade.com
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. All statements contained in this press release that do not
relate to matters of historical fact should be considered
forward-looking statements. These statements are neither promises
nor guarantees, but involve known and unknown risks, uncertainties
and other important factors that may cause our actual results,
performance or achievements to be materially different from any
future results, performance or achievements expressed or implied by
the forward-looking statements, including, but not limited to, the
following: our history of losses and the fact that we may not
achieve or maintain profitability in the future; our ability to
retain and expand our customer base; the fact that the “Lemonade”
brand may not become as widely known as incumbents’ brands or the
brand may become tarnished; the denial of claims or our failure to
accurately and timely pay claims; our ability to attain greater
value from each user; the novelty of our business model and its
unpredictable efficacy and susceptibility to unintended
consequences; the possibility that we could be forced to modify or
eliminate our Giveback, which could undermine our business model;
the results of examinations by our primary state insurance
regulator that could result in adverse examination findings and
necessitate remedial actions or give rise to regulatory orders
requiring remedial, injunctive, or other corrective action; our
limited operating history; our ability to manage our growth
effectively; the impact of intense competition in the segments of
the insurance industry in which we operate on our ability to attain
or increase profitability; the unavailability of reinsurance at
current levels and prices, which could limit our ability to write
new business; our ability to renew reinsurance contracts on
comparable duration and terms to those currently in effect; our
exposure to counterparty risks as a result of reinsurance; the loss
of personal customer information, damage to our reputation and
brand, or harm to our business and operating results as a result of
security incidents or real or perceived errors, failures or bugs in
our systems, website or app; our actual or perceived failure to
protect customer information and other data, respect customers’
privacy, or comply with data privacy and security laws and
regulations; our ability to comply with extensive insurance
industry regulations and the need to incur additional costs or
devote additional resources to comply with changes to existing
regulations; our exposure to additional regulatory requirements
specific to other markets that we enter or have entered, including
auto, pet and life insurance, and the need to devote additional
resources to comply with these regulations; and our inability to
predict the lasting impacts of COVID-19 to our business in
particular, and the global economy generally. These and other
important factors are discussed under the caption “Risk Factors” in
our Annual Report on Form 10-K filed March 8, 2021 and our other
filings with the Securities and Exchange Commission could cause
actual results to differ materially from those indicated by the
forward-looking statements made in this press release. Any such
forward-looking statements represent management’s beliefs as of the
date of this press release. While we may elect to update such
forward-looking statements at some point in the future, we disclaim
any obligation to do so, even if subsequent events cause our views
to change.
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Lisa Horton lemonade@astrskpr.com
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