Doma Appoints Mike Smith as Chief Financial Officer

Rhea-AI Summary

Doma Holdings, Inc. announced the appointment of Mike Smith as Chief Financial Officer (CFO) effective July 19, 2022. Previously the Chief Accounting Officer and Acting CFO, Mike brings 30 years of extensive finance experience, including leadership roles at Banc of California and loanDepot. CEO Max Simkoff praised Mike's financial acumen and contributions. Doma aims to revolutionize the home closing process using proprietary technology to enhance efficiency for all parties involved in real estate transactions.

Positive

• Mike Smith's promotion reflects strong leadership continuity.
• Extensive industry experience may lead to better financial decisions.

Negative

• Potential concerns about the transition period impacting ongoing projects.

SAN FRANCISCO--(BUSINESS WIRE)-- Doma Holdings, Inc. (NYSE: DOMA), a leading force for disruptive change in the real estate industry, today announced the appointment of Mike Smith as Chief Financial Officer (CFO) as of July 19, 2022. Previously, Mike was serving as the company’s Chief Accounting Officer and Acting Chief Financial Officer, building on his experience at Doma and extensive background as a senior finance executive.

“The promotion of Mike to Chief Financial Officer is a testament to his financial leadership and extensive experience at the company, and beyond. He is an invaluable addition to our leadership team,” said Max Simkoff, Doma CEO. “Doma is grateful for Mike’s contributions to the company thus far and I look forward to our continued partnership to drive Doma toward a successful future.”

Mike is a seasoned financial veteran with 30 years of experience leading teams through IPOs, acquisitions and a variety of other major public company transitions. Prior to joining Doma as Chief Accounting Officer, Mike served as Chief Accounting Officer and Director of Treasury at Banc of California, Inc. where he was responsible for company-wide accounting, financial planning and analysis, and tax, in addition to serving as its interim CFO during the company’s CFO transition. Mike has held several other finance leadership roles throughout his career including Chief Accounting Officer at loanDepot and CapitalSource Inc.

“I am honored to serve as Doma’s Chief Financial Officer and continue working with our talented leadership team, Board of Directors and everyone at Doma,” said Mike. “I am excited about continuing to deliver on our vision of removing the friction and frustration from the home closing process to make the real estate transaction a better experience for everyone involved.”

About Doma

Doma is a real estate technology company that is disrupting a century-old industry by building an instant and frictionless home closing experience for buyers and sellers. Doma uses proprietary machine intelligence technology and deep human expertise to create a vastly more simple and affordable experience for everyone involved in a residential real estate transaction, including current and prospective homeowners, mortgage lenders, title agents, and real estate professionals. With Doma, what used to take days can now be done in minutes, replacing an arcane and cumbersome process with a digital experience designed for today's world. To learn more visit doma.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220721005194/en/

Investor Contact: Beatriz Bartolome | Head of Investor Relations for Doma | ir@doma.com



Media Contact: Camilla Whitmore | Lead, Public Relations for Doma | camilla.whitmore@doma.com

Source: Doma Holdings, Inc.

FAQ

What is the significance of Mike Smith's appointment as CFO for Doma?

Mike Smith's appointment as CFO signifies leadership continuity and leverages his extensive financial experience to enhance Doma's strategic direction.

When did Mike Smith become CFO of Doma?

Mike Smith assumed the role of Chief Financial Officer on July 19, 2022.

What experience does Mike Smith bring to Doma?

Mike Smith has 30 years of experience in finance, having held senior roles in major companies including Banc of California and loanDepot.

How might Mike Smith's promotion affect Doma's future?

His promotion could positively influence Doma's financial strategies and execution, enhancing the company's ability to achieve its growth objectives.

Who is the CEO of Doma and what did he say about Mike Smith's promotion?

Doma’s CEO, Max Simkoff, expressed confidence in Mike Smith’s abilities and highlighted his contributions to the company's financial leadership.