Goosehead Insurance Strengthens Senior Management Team With New Additions and Promotions

Rhea-AI Summary

Goosehead Insurance (NASDAQ: GSHD) announced key management changes aimed at enhancing growth, including new Chief Marketing Officer Ann Challis and several promotions to Managing Director. Challis will spearhead a comprehensive marketing strategy, leveraging her 25 years of experience. The promoted directors, including Erin Baima, Mitchell Stella, Marisa Wagner, and Drew Rogas, have all been pivotal in expanding operations and improving company performance. The company aims to strengthen its innovative business model and client experience as it continues to grow its franchise network.

Positive

• Appointment of Ann Challis as CMO to enhance marketing and digital strategy.
• Promotions of existing employees to Managing Director, recognizing internal talent and stability.
• Management changes reflect a focus on growth and client experience.

Negative

• None.

WESTLAKE, Texas, Feb. 04, 2021 (GLOBE NEWSWIRE) -- Goosehead Insurance, Inc. (“Goosehead” or the “Company”) (NASDAQ: GSHD), a rapidly growing independent personal lines insurance agency, announces today new management additions and Managing Director promotions, investing in management depth and recognizing the strength and contributions of existing leadership to support future growth.

• Ann Challis has joined its team as Chief Marketing Officer. As CMO, Ann will develop an enterprise-wide marketing function with responsibilities to include all brand strategy, sales channel enablement and the launch of a digital engagement platform. Ms. Challis joins Goosehead with 25 years in financial services marketing and extensive expertise in digital growth and performance marketing. She previously led marketing as a Senior Vice President at Elevate and prior to that held marketing leadership roles at Credible, Blackrock, and Wells Fargo Bank.
• Erin Baima has been promoted to Managing Director. Erin joined the team in 2010 and under her leadership, the Risk Management team has scaled tremendously while continuing to reduce the Company’s E&O exposure and enhancing our carrier relationships. Erin is a Chartered Property & Casualty Underwriter (“CPCU”) and is also a Council Member of the Goosehead Women’s Professional Development program.
• Mitchell Stella has been promoted to Managing Director. Mitchell joined Goosehead in 2010 and led our 2014 expansion in Austin, TX, growing the office from 5 sales agents to 50, while also focusing on successfully growing and mentoring our Central Texas franchisees’ performance. Mitchell is also heavily involved in our campus college recruiting efforts in Texas.
• Marisa Wagner has been promoted to Managing Director. Marisa joined Goosehead’s service team in 2013 and after being promoted to manager in 2016, she led Goosehead’s efforts to build out a robust and scalable training program. Her focus in recent years has been on managing our Agent Support team, which assists both Corporate and Franchise agents. Marisa is also heavily involved in the leadership of our Women’s Professional Development program.
• Drew Rogas has been promoted to Managing Director. Drew joined Goosehead in 2014 and quickly proved to be a talented sales agent, earning Rookie Producer of the Year (2014) and President’s Club (2017) distinctions. In 2017, Drew led the expansion of our second Houston-area office in The Woodlands, TX and has grown their agent count from 12 to 40.
• Nathan Roberts has joined its team as Managing Director and Senior Legal Counsel.  Nathan brings years of experience in corporate governance, securities, and corporate commercial work from his time as a partner at Dentons, a large global law firm. Nathan will be an important member of our growing legal team and will help support all aspects of the company’s compliance efforts. 

“We have a differentiated and innovative business model that delivers a superior client experience. The addition of Ann Challis to the Executive team will strengthen our marketing and digital efforts to further enhance our already significant growth runway,” stated Michael Colby, President and COO. “Additionally, we could not be prouder of the new Managing Directors’ significant career milestones. These individuals started their careers at Goosehead and have proven their value through years of hard work and dedication in delivering for our clients, agents, and partners.”

About Goosehead

Goosehead (NASDAQ: GSHD) is a rapidly growing and innovative independent personal lines insurance agency that distributes its products and services throughout the United States. Goosehead was founded on the premise that the client should be at the center of our universe and that everything we do should be directed at providing extraordinary value by offering broad product choice and a world-class service experience. Goosehead represents over 100 insurance companies that underwrite personal lines and small commercial lines risks, and its operations include a network of nine corporate sales offices and over 1,261 operating and contracted franchise locations. For more information, please visit gooseheadinsurance.com.

Forward-Looking Statements

This press release may contain various “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, which represent Goosehead’s expectations or beliefs concerning future events. Forward-looking statements are statements other than historical facts and may include statements that address future operating, financial or business performance or Goosehead’s strategies or expectations. In some cases, you can identify these statements by forward-looking words such as “may”, “might”, “will”, “should”, “expects”, “plans”, “anticipates”, “believes”, “estimates”, “predicts”, “projects”, “potential”, “outlook” or “continue”, or the negative of these terms or other comparable terminology. Forward-looking statements are based on management’s current expectations and beliefs and involve significant risks and uncertainties that could cause actual results, developments and business decisions to differ materially from those contemplated by these statements.

Factors that could cause actual results or performance to differ from the expectations expressed or implied in such forward-looking statements include, but are not limited to, conditions impacting insurance carriers or other parties with which Goosehead does business, the economic effects of the COVID-19 pandemic, the loss of one or more key executives or an inability to attract and retain qualified personnel and the failure to attract and retain highly qualified franchisees. These risks and uncertainties also include, but are not limited to, those described under the captions “1A. Risk Factors” in Goosehead’s Annual Report on Form 10-K for the year ended December 31, 2019, "Part II, Item 1A. Risk Factors" in Goosehead's Quarterly Report on Form 10-Q for the three months ended September 30, 2020 and in Goosehead’s other filings with the SEC, which are available free of charge on the Securities Exchange Commission's website at: www.sec.gov. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated. All forward-looking statements and all subsequent written and oral forward-looking statements attributable to Goosehead or to persons acting on behalf of Goosehead are expressly qualified in their entirety by reference to these risks and uncertainties. You should not place undue reliance on forward-looking statements. Forward-looking statements speak only as of the date they are made, and Goosehead does not undertake any obligation to update them in light of new information, future developments or otherwise, except as may be required under applicable law.

Contacts

Investor Contact:

Dan Farrell
Goosehead Insurance – VP Capital Markets
Phone: (214) 838-5290
E-mail: dan.farrell@goosehead.com; IR@goosehead.com; PR@goosehead.com

FAQ

Who is the new Chief Marketing Officer of Goosehead Insurance?

Ann Challis has been appointed as the new Chief Marketing Officer of Goosehead Insurance.

What are the recent management changes at Goosehead Insurance?

Goosehead Insurance has announced several promotions to Managing Director and the addition of Ann Challis as CMO.

When were the management changes at Goosehead Insurance announced?

The management changes at Goosehead Insurance were announced on February 4, 2021.

What is the significance of the management changes for GSHD investors?

The management changes aim to strengthen the company's growth strategies and enhance the client experience, potentially benefiting GSHD investors.

How many franchise locations does Goosehead Insurance operate?

Goosehead Insurance operates over 1,261 operating and contracted franchise locations.