Root, Inc. Announces Organizational Changes to Accelerate Growth of Corporate Initiatives

Rhea-AI Summary

Root, Inc. has appointed Daniel Rosenthal as the Chief Revenue and Operating Officer, continuing his duties as Chief Financial Officer. This new role will focus on driving revenue and enhancing operations within the company. Rosenthal will oversee various functions, including performance marketing, corporate strategy, and insurance management. His leadership experience is expected to benefit Root as it expands its customer engagement strategies. Rosenthal has been integral in Root's funding initiatives, including its IPO in October 2020.

Positive

• Daniel Rosenthal appointed as Chief Revenue and Operating Officer, enhancing leadership.
• Rosenthal's experience expected to drive revenue growth and operational efficiency.
• Continued oversight of finance, legal, and risk teams by Rosenthal, ensuring stability.

Negative

• None.

Daniel Rosenthal will take on the role of Chief Revenue and Operating Officer in addition to his responsibilities as Chief Financial Officer

COLUMBUS, Ohio, Sept. 20, 2021 (GLOBE NEWSWIRE) -- Root, Inc. (NASDAQ: ROOT), a leading technology company powering insurance solutions and the parent company of Root Insurance, today announced that Daniel Rosenthal has been appointed the company’s first Chief Revenue and Operating Officer.

As the company’s Chief Revenue and Operating Officer, Rosenthal will have responsibility for functions aimed at driving revenue and streamlining operations within the business. In this new role, Dan will oversee performance marketing and growth, corporate strategy, business development, and insurance, including underwriting and pricing initiatives.

“As we continue to connect with customers through a variety of new and existing channels, Dan will be instrumental in driving Root’s growth and success,” says Root CEO Alex Timm. “Dan’s rich experience as an operator with a proven track record of unlocking revenue both at Root and in prior experience will be invaluable going forward. This new role will strengthen our focus on meeting customers where they are with exactly what they need as Root expands.”

In his role as CFO, Rosenthal has guided Root through several funding rounds, including the company’s IPO in October 2020. Since August 2019, he has overseen the finance, legal, risk and government affairs teams. He will remain in this role as the company initiates the search for a new CFO.

Rosenthal joined the Root Board of Directors in 2017. Prior to Root, Rosenthal held leadership positions at innovative firms in the aviation industry. In 2009, he co-founded Milestone Aviation Group, which GE Capital acquired for $1.8 billion in 2015. Subsequently, Rosenthal served as Chairman, President and Chief Executive Officer of Milestone as well as EVP of Financing and Products for GE Capital Aviation Services (GECAS). Prior to Milestone, Rosenthal spent four years at NetJets, where he held various leadership roles, and worked as an attorney at Williams & Connolly LLP.

About Root Inc.
Root, Inc. is the parent company of Root Insurance Company. Root is a technology company revolutionizing personal insurance with a pricing model based upon fairness and a modern customer experience. Root’s mobile-first customer experience is designed to make insurance simple.

Contact
Tom Kuhn
Director of External Communications
press@inc.joinroot.com

FAQ

Who is Daniel Rosenthal in Root, Inc.?

Daniel Rosenthal is the newly appointed Chief Revenue and Operating Officer, maintaining his role as Chief Financial Officer.

What responsibilities will Rosenthal have at Root, Inc.?

Rosenthal will oversee revenue generation, operational efficiency, performance marketing, corporate strategy, and insurance initiatives.

When did Root, Inc. go public?

Root, Inc. went public in October 2020.

What is Root, Inc.'s business focus?

Root, Inc. focuses on revolutionizing personal insurance through technology and a fair pricing model.