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Scott Stephenson Joins Buckle as Chairman of the Board
Rhea-AI Impact
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Rhea-AI Sentiment
(Very Positive)
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Rhea-AI Summary
Buckle announced that Scott Stephenson, former CEO of Verisk, joined its Board of Directors as chairman on July 1, 2022. With a track record of innovation and success at Verisk, Stephenson aims to bolster Buckle's growth in financial services for the gig economy and rising middle class. Under his leadership, Verisk's revenues doubled, and it was recognized as one of the world's most innovative companies. Buckle serves the gig economy by providing specialized insurance for rideshare and delivery drivers from major platforms such as Uber and DoorDash.
Positive
Scott Stephenson joins Buckle's Board as chairman, bringing extensive industry experience.
Stephenson's leadership at Verisk resulted in doubled revenues and recognition among the world's most innovative companies.
Buckle offers specialized insurance for gig economy workers, demonstrating potential for market growth.
Negative
None.
JERSEY CITY, N.J.--(BUSINESS WIRE)--
Buckle, a financial services company serving the gig economy and rising middle class, announced today that Scott Stephenson, former chairman, president, and chief executive officer of Verisk, has joined Buckle’s Board of Directors as its chairman as of July 1, 2022. Forbes has recognized Stephenson as one of America’s Most Innovative Leaders and one of the Top 25 Most Innovative Leaders Worldwide.
“As Buckle grows, we continually look for the right mix of experience, industry skills, and unique perspectives to guide our board,” said Marty Young, chief executive officer of Buckle. “We are thrilled to add Scott’s leadership and in-depth expertise to our Board of Directors. He is highly respected and widely known as a business innovator, which will be a tremendous asset to Buckle as we continue to redefine and expand financial services support for the rising middle class and gig economy.”
As president and chief executive officer of Verisk Analytics (NASDAQ: VRSK), Stephenson helped Verisk become part of the S&P 500 Index. During his tenure as CEO from 2013 – 2021, Verisk was named to the S&P Global 500 ESG and FTSE4Good Index Series. Additionally, for three consecutive years, Forbes ranked Verisk among the world’s most innovative companies. During this period, the company’s revenues doubled, market cap quadrupled, and the countries that Verisk served tripled.
Stephenson also fosters a “people-first” culture. Under his leadership, Verisk repeatedly was recognized as an employer of choice, named A Great Place to Work™ for six consecutive years, as well as named one of America’s Most Just Companies™ and one of America’s Best Managed Companies™. In prior roles, Stephenson was the founding partner of Boston Consulting Group’s southeastern U.S. practice and he also designed components of missile propulsion systems and innovative propellant formulations for Atlantic Research Corporation.
“Throughout my career, I’ve held leadership roles with the goal of driving innovation, and I thrive with new growth challenges. I’ve been watching Buckle innovate within the digital financial services industry, and I look forward to helping them deliver upon their enormous growth potential while serving this important and evolving gig segment,” said Scott Stephenson.
Stephenson serves on several for-profit and not-for-profit boards, including PSEG (NYSE), the Bowery Mission (Chair), Yale Center for Faith and Culture, Harvard’s Human Flourishing Program, and University of Virginia’s (UVA) School of Data Science where he established the Stephenson Dean of Data Science. Additionally, Stephenson is a member of the Council on Foreign Relations and the Wall Street Journal’s CEO Council, as well as a signatory of the Business Roundtable’s statement on the Purpose of a Corporation.
About Buckle
Buckle is the digital financial services company providing insurance for the gig industry. Serving the vital, rising middle class, Buckle protects drivers across personal, rideshare, and delivery driving for leading companies including Uber, Lyft, DoorDash, Gopuff, Instacart, Amazon Flex, Uber Eats, Grubhub, Favor, and more. The company also offers insurance solutions for select partners. Buckle has received awards for 2022 including Best of Insurance, a Fastest Growing Company, Best Tech Startup, and more. Connect with us on Facebook, Twitter, LinkedIn, and www.buckleup.com.
