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Posted 06 June, 2022

Hippo Holdings Inc. appointed Richard McCathron as new CEO

NYSE:HIPO appointed new Chief Executive Officer Richard McCathron in a 8-K filed on 06 June, 2022.


  On June 3, 2022, the board of directors (the "Board") of Hippo Holdings Inc. (the "Company") appointed Richard McCathron as the Company's Chief Executive Officer, to succeed Assaf Wand upon Mr. Wand's appointment as the Company's Executive Chairman of the Board, each effective as of June 6, 2022 (the "Effective Date").  

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Overview of Hippo Holdings Inc.
Financial Services • Non-Life Insurance
Hippo Holdings, Inc. is a home protection company which provides a new standard of care and protection for homeowners. It makes homes safer and better protected so customers spend less time worrying about the burdens of homeownership and more time enjoying their homes. The company harnesses real-time data, smart home technology, and a growing suite of home services to create an integrated home protection platform. It was founded by Assaf Wand on January 10, 2015 and is headquartered in Palo Alto, CA.
Market Cap
$721M
View Company Details
Hippo Holdings Inc. by TradingView
Relevant filing section
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. 

On June 3, 2022, the board of directors (the "Board") of Hippo Holdings Inc. (the "Company") appointed Richard McCathron as the Company's Chief Executive Officer, to succeed Assaf Wand upon Mr. Wand's appointment as the Company's Executive Chairman of the Board, each effective as of June 6, 2022 (the "Effective Date"). Mr. McCathron has served as the Company's President since 2017. Prior to joining the Company, Mr. McCathron held senior executive positions at various insurance companies including First Connect Insurance as its President and Chief Executive Officer from October 2012 to February 2017, Home Value Protection, Inc. as its Chief Revenue Officer from April 2011 to March 2012, Superior Access Insurance Services as its President and Chief Executive Officer from June 2007 to October 2010, and Mercury Insurance Group as its Regional Vice President from April 2004 to June 2007. Mr. McCathron is both a Chartered Property and Casualty Underwriter and a Certified Insurance Counselor and sits on the board of directors of Spinnaker Insurance Company and First Connect Insurance Services LLC. He is an advisor for several other insurtech companies and holds a B.S. in Finance from Oregon State University. The compensation of Mr. McCathron has not changed. In light of his role change, Mr. Wand's annual salary was reduced from $600,000 to $250,000.