Root Adds Tech and E-Commerce Experience to Board with Appointment of Atida CEO

Rhea-AI Summary

Root, Inc. (NASDAQ: ROOT) announced the appointment of Julie Szudarek to its board of directors, effective July 1. Szudarek brings over 25 years of experience in e-commerce and technology, having held leadership roles at companies like Groupon and Orbitz. She led Groupon's international division, which generated $1.5B in revenue across 12 countries. Her expertise is expected to bolster Root's market expansion and operational efficiency. Szudarek will serve on the Audit, Risk, and Finance Committee.

Positive

• Julie Szudarek's experience in e-commerce and technology is expected to enhance Root's market expansion.
• Her previous leadership roles at Groupon and Orbitz indicate a strong capability to drive revenue growth.

Negative

• None.

The insurtech announces the addition of Julie Szudarek to its board of directors to bolster market expansion and business operations

COLUMBUS, Ohio, July 05, 2022 (GLOBE NEWSWIRE) -- Root, Inc. (NASDAQ: ROOT), a leading technology company powering insurance solutions and the parent company of Root Insurance, announced today the appointment of Julie Szudarek, CEO of Atida, to Root’s board of directors, effective July 1.

Szudarek joins Root’s board with more than 25 years of experience driving ecommerce and technology-enabled businesses to reach their full market potential. Before joining Atida, Szudarek held senior leadership roles at Groupon. In her most recent role, she ran Groupon’s international division, a $1.5B revenue business responsible for sustained growth across 12 countries. She led a team of 1500+ across sales, operations, logistics, and administration.

Prior to Groupon, Szudarek led strategy, analytics, and revenue management at Orbitz (acquired by Expedia). Earlier in her career, she worked in management consulting at Accenture (formerly Andersen Consulting), helping Fortune 100 companies use technology to strengthen their business operations.

“Julie’s expertise in helping big tech companies expand their market reach and strengthen core operations will be pivotal in Root’s success as we continue to make breakthroughs in the tech space,” said CEO and Co-Founder, Alex Timm.

Currently, Szudarek is CEO of Atida, one of the largest online pharmacies in Europe, operating in Germany, France, Italy, Netherlands, Portugal, and Spain.

“I am thrilled to join the Root board,” Szudarek said. “It’s refreshing to see a company disrupting an industry that is ripe for change. I love the transparency and equality that Root is bringing to its customers.”

Szudarek holds an MBA from the University of Michigan and a B.S in Finance from Indiana University. She lives in London with her husband and three children.

Szudarek will serve on Root’s Audit, Risk, and Finance Committee.

About Root Inc.
Root, Inc. is the parent company of Root Insurance Company. Root is a technology company revolutionizing insurance through data science and technology to provide consumers a personalized, easy, and fair experience.

Root is headquartered in Columbus, Ohio, with renters insurance available in Arkansas, Missouri, Ohio, Georgia, Kentucky, Nevada, Tennessee, and Utah, and auto insurance currently available to drivers in Alabama, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maryland, Mississippi, Missouri, Montana, Nebraska, New Mexico, Nevada, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, West Virginia, and Wisconsin. auto insurance is underwritten by Root Property and Casualty Insurance Company.

Media Contact
press@joinroot.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/93f76cc0-e0ab-4f86-a21d-c4ea4ae3b34b

FAQ

What is the significance of Julie Szudarek joining Root's board?

Julie Szudarek's appointment is significant as she brings over 25 years of experience in e-commerce and technology, which can aid in Root's market expansion and operational efficiency.

When did Julie Szudarek join Root's board of directors?

Julie Szudarek joined Root's board of directors on July 1, 2022.

What roles has Julie Szudarek held prior to joining Root?

Before joining Root, Julie Szudarek held senior positions at Groupon, where she led its international division, and at Orbitz, where she focused on strategy and revenue management.

What committees will Julie Szudarek serve on at Root?

Julie Szudarek will serve on Root’s Audit, Risk, and Finance Committee.

What is Root, Inc.'s focus as a company?

Root, Inc. focuses on revolutionizing insurance through technology and data science to provide personalized and fair customer experiences.