Coalition Appoints First Chief Financial Officer, General Counsel, Adds New Board Member to Support Rapid Company Growth and International Expansion
August 05 2022 - 09:00AM
GlobeNewswire Inc.
Coalition, the world’s first Active Insurance company designed to
prevent digital risk before it strikes, today announced it has
appointed Jim Young as Chief Financial Officer (CFO), John Littzi
as General Counsel, and added Julie Richardson as board member to
further accelerate the company’s vision to provide security for
all. The new hires and board member addition come on the heels of a
$250M investment into Coalition in July, boosting the valuation of
the company to $5B.
“The new additions to our leadership team bring decades of
experience building global technology and finance companies, and
are proven leaders who will help Coalition to navigate new markets
and accelerate our internal development during a sustained period
of rapid growth,” said Coalition co-founder and CEO Joshua Motta.
“Julie, Jim, and John each have a wealth of experience building
large companies that have all grown to become global leaders.”
Coalition added the following individuals to its leadership team
and board:
- Jim Young, Chief Financial Officer: Young
brings over 20 years of experience leading global finance companies
and public and private technology companies, serving as Chief
Financial Officer at Broadridge (NYSE: BR), an S&P 500 company
and Fintech leader. Prior to that, Young served in senior finance
roles at Visa Inc. including SVP of finance, and played a lead role
in Visa’s $19B IPO. Most recently, he served as CFO of ag-tech
company Indigo Ag. As Coalition’s first-ever CFO, Young will play a
critical role in scaling the firm’s business and financial
operations.
- John Littzi, General Counsel: As Coalition’s
General Counsel, John Littzi is responsible for the firm's global
legal affairs and serves as principal counsel to the company’s
Founder and CEO, Joshua Motta, as well as its senior management
team and board of directors. Littzi joins Coalition after serving
as sole Deputy General Counsel of W. R. Berkley Corporation (NYSE:
WRB), an S&P 500 company and one of the largest commercial
lines property & casualty insurance holding companies in the
United States. Littzi began his career as an associate in the
Mergers and Acquisitions and Financial Institutions groups at
Skadden, Arps, Slate, Meagher and Flom LLP in New York.
- Julie Richardson, Board Member: Richardson
brings over 25 years of experience on Wall Street in investment
banking and private equity roles to Coalition. She currently serves
on the boards of UBS (NYSE: UBS), Datadog (NASDAQ: DDOG), and YEXT
(NYSE: YEXT). She also recently served on the board of The Hartford
(NYSE: HIG) from 2014 to 2020, and chaired the company’s audit
committee for three years.
“Coalition’s vision to provide security for all as the world
digitizes is more important now than ever,” noted CFO Jim Young.
“I’m thrilled to be joining the company at this critical juncture,
and to join in Coalition’s effort to protect organizations globally
with Active Insurance and technology solutions.”
“The technology and data at the core of Coalition are
unrivaled,” said John Littzi. “After spending over a decade at a
world class insurance organization, I look forward to using my
experience to help Coalition protect and prepare organizations for
the digital risks of the future as every part of our global economy
becomes more reliant on technology.”
“As the landscape of digital risk has evolved and intensified
over the past several years, I’ve been impressed by changemakers in
the space seeking a different and better solution,” said Julie
Richardson. “Coalition’s approach to solving digital risk is one I
am proud to align with, and I’m honored to be joining this
industry-leading team on their journey.”
Joining Coalition’s executive team at a key moment on its
journey to create a safer digital economy, Young, Littzi, and
Richardson are poised to support the company as it accelerates its
scale and shapes the future of digital insurance.
Coalition was named one of Inc’s Best Places to Work in 2021 and
was named to Fast Company’s annual list of the World’s Most
Innovative Companies for 2022. Additionally, Joshua Motta has been
recognized as one of EY’s Entrepreneur of the Year Bay Area winners
for 2022. To learn more about Coalition, visit
coalitioninc.com.
About Coalition Coalition is the leading
provider of cyber insurance and security, combining comprehensive
insurance and proactive cybersecurity tools to help businesses
manage and mitigate cyber risk. Backed by leading global insurers
Arch Insurance North America, Allianz, Ascot Group, Lloyd’s of
London, Swiss Re Corporate Solutions and Vantage, Coalition offers
its Active Insurance products in the US and Canada and its security
products to organizations globally. Coalition’s Active Risk
Platform provides automated security alerts, threat intelligence,
expert guidance, and cybersecurity tools to help businesses remain
resilient in the face of cyber attacks. Headquartered in San
Francisco, Coalition is a distributed company with a global
workforce that collaborates both digitally and in office hubs
across the globe.
ContactsMegan PhelanHighwire PR for
Coalitioncoalition@highwirepr.com
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