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Posted 26 July, 2021

Lemonade, Inc. appointed Daniel Schreiber as new CEO

NYSE:LMND appointed new Chief Executive Officer Daniel Schreiber in a 8-K filed on 26 July, 2021.


  Ms. Eckstein will continue to report to Mr. Wininger, who was appointed to the position of Co-Chief Executive Officer on July 21, 2021, a position he will share with Daniel Schreiber, effective immediately.  

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Overview of Lemonade, Inc.
Financial Services • Non-Life Insurance
Lemonade, Inc. is a holding company, which engages in the provision of insurance services. The firm's products include renters and homeowners insurance, and pet insurance. It offers insurance coverage under the homeowners multi-peril, inland marine, and general liability lines of business. The company was founded by Daniel Asher Schreiber and Shai Wininger on June 17, 2015 and is headquartered in New York, NY.
Market Cap
$1.13B
View Company Details
Lemonade, 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 July 21, 2021, Lemonade, Inc. (the "Company") appointed Adina Eckstein, the Company's Vice President of Operations, as Chief Operating Officer, effective immediately. In connection with this appointment, Shai Wininger relinquished his title as Chief Operating Officer. Ms. Eckstein will continue to report to Mr. Wininger, who was appointed to the position of Co-Chief Executive Officer on July 21, 2021, a position he will share with Daniel Schreiber, effective immediately. In addition, Mr. Wininger will continue to serve as President, Secretary and a member of the Company's Board of Directors.


Ms. Eckstein, age 36, has served as the Company's Vice President of Operations since November 2020. Prior to joining the Company in 2019, Ms. Eckstein served as Chief Operating Officer of HSBC, where she helped one of the world's largest financial institutions with the digitization of its business. Prior to that, from 2014 to 2016, Ms. Eckstein served as Vice President of Programme and Portfolio at BBC Worldwide, where she led the development and operations of all consumer digital technology.


Mr. Wininger, age 47, has served in various roles at the Company, including as its Co-Founder, President, Secretary, Treasurer, Chief Operating Officer, Chief Technology Officer, and a member of the Company's Board of Directors, since the Company's founding in June 2015. Prior to co-founding the Company in 2015, Mr. Wininger founded Fiverr Ltd. in 2009, and as its Chief Technology Officer, managed the engineering, design, and product departments, and continued to serve on its board of directors until 2019. 


In connection with Ms. Eckstein's promotion as the Company's Chief Operating Officer, her base salary was increased, effective July 21, 2021, from NIS 65,000 per month to NIS 85,000 per month. In addition, on July 21, 2021, Ms. Eckstein received the following equity awards under the Company's 2020 Incentive Award Plan: (i) 20,000 restricted stock units with an aggregate grant date fair value of $1.8 million and (ii) 10,000 stock options with an exercise price of $92.20 per option and an aggregate grant date fair value of $0.4 million. The awards of restricted stock units and stock options each vest and become exercisable in 16 equal quarterly installments, subject to Ms. Eckstein's continued employment through each vesting date.


Exhibit No.
 Description 


104 Cover Page Interactive Data File (embedded within the Inline XBRL document)