Porch Group Announces New Business Unit Leadership Appointments

Rhea-AI Summary

Porch Group (NASDAQ: PRCH) has announced strategic leadership appointments to bolster its market growth. Nick Graham is the new Senior Vice President and Group General Manager of the Moving Division, effective September 26, 2022. He brings substantial experience from Hotwire, a subsidiary of Expedia Group. Mindy Barker has been appointed Chief Financial Officer of Homeowners of America, also effective September 26, 2022, after serving as interim CFO since November 2021. With over 30 years in finance, Barker is recognized for her expertise in corporate financial development.

Positive

• Appointment of Nick Graham as Senior VP and Group GM of Moving Division enhances leadership.
• Mindy Barker's appointment as CFO of Homeowners of America solidifies financial leadership.

Negative

• None.

• Nick Graham as Senior Vice President and Group General Manager, Moving Group
• Mindy Barker as Chief Financial Officer at Homeowners of America

SEATTLE, Sept. 27, 2022 (GLOBE NEWSWIRE) -- Porch Group, Inc. (NASDAQ: PRCH) (“Porch Group”), a leading vertical software company reinventing the home services and insurance industries, today announced key business unit leadership appointments designed to support growth across multiple market sectors.

Nick Graham has been appointed Senior Vice President and Group General Manager of Porch Group’s Moving Division, effective September 26, 2022. Mr. Graham joins Porch Group, bringing with him a wealth of strategic marketing and marketplace acceleration experience. In his new role, Mr. Graham will be responsible for Porch Group’s moving division, which offers a complete suite of moving services nationwide, an industry-leading labor only solution, and a full-service local, long distance and corporate relation business. Most recently, Mr. Graham served as the general manager of Hotwire, a subsidiary brand of Expedia Group.

"At Porch, we are focused on creating positive moving experiences by providing people with moving services that they can love and afford,” said Matt Ehrlichman, CEO and Founder of Porch Group. “Nick’s extensive digital marketplace experience will be key to the continued development of our moving group as it continues to scale quickly.”

Mindy Barker has been appointed as Chief Financial Officer of Homeowners of America (“HOA”), a property and casualty insurance provider and subsidiary of Porch Group, effective September 26, 2022. Mrs. Barker has been serving as interim CFO since November 5, 2021. Mrs. Barker is a transformational finance and business leader with over 30 years of experience and a proven track record in corporate financial development. Recognized for her brilliant engineering of financial strategies to drive value, Mrs. Barker has garnered a strong history of accomplishments across the insurance industry.

“We are thrilled Mindy accepted a permanent position with Homeowners of America,” said Adam Kornick, President, Insurtech Division of Porch Group. “Mindy is a proven Chief Financial Officer with substantial capital markets experience and a strong background in developing financial and accounting teams, which is critical in supporting our long-term vision and continued growth.”

About Porch Group
Seattle-based Porch Group, the vertical software platform for the home, provides software and services to more than 28,500 home services companies, such as home inspectors, moving companies, real estate agencies, utility companies, and warranty companies. Through these relationships and its multiple brands, Porch Group provides a moving concierge service to homebuyers, helping them save time and make better decisions on critical services, including insurance, moving, security, TV/internet, home repair and improvement, and more. To learn more about Porch Group, visit porchgroup.com or porch.com.

Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “believe,” “intend, “demonstrate,” “expect,” “estimate,” “anticipate,” “should” and “likely” and similar expressions identify forward-looking statements. In addition, statements that are not historical should also be considered forward-looking statements. Readers are cautioned not to place undue reliance on those forward-looking statements, which speak only as of the date the statement was made. Such forward-looking statements are based on current expectations that involve a number of known and unknown risks, uncertainties and other factors which may cause actual events to be materially different from those expressed or implied by such forward-looking statements. Other factors may cause Porch’s actual results to differ materially from those expressed or implied in the forward-looking statements and such factors are discussed in Porch’s filings with the U.S. Securities and Exchange Commission (“SEC”), including its Annual Report on Form 10-K for the fiscal year ended December 31, 2021 and subsequent reports filed by Porch with the SEC. Copies of Porch’s filings with the SEC may be obtained at the “Investors” section of Porch’s website at www.ir.porchgroup.com or on the SEC’s website at www.sec.gov.

The forward-looking statements included in this press release are made as of the date hereof. Porch is not under any obligation to (and expressly disclaims any such obligation to) update any of the information in this press release if any forward-looking statement later turns out to be inaccurate whether as a result of new information, future events or otherwise, except as otherwise may be required by the federal securities laws.

Porch Group Contacts
Investor Relations:
Emily Lear, Head of Investor Relations
Porch Group
(701) 214-8177
Emilylear@porch.com

Press:
Anna Rutter
Gateway Group, Inc.
(949) 386-6332
PRCH@gatewayir.com

FAQ

What are the latest leadership changes at Porch Group (PRCH)?

Porch Group has appointed Nick Graham as Senior VP and Group GM of the Moving Division and Mindy Barker as CFO of Homeowners of America, effective September 26, 2022.

Who is the new CFO of Homeowners of America under Porch Group (PRCH)?

Mindy Barker has been appointed as the Chief Financial Officer of Homeowners of America, effective September 26, 2022.

What experience does Nick Graham bring to Porch Group (PRCH)?

Nick Graham has extensive strategic marketing and marketplace acceleration experience, previously serving as general manager of Hotwire, a brand of Expedia Group.

When did Mindy Barker start as CFO at Homeowners of America (PRCH)?

Mindy Barker's appointment as CFO of Homeowners of America became effective on September 26, 2022.