Digital insurance platform and pay-per-mile auto insurer Metromile has bolstered its board of directors with the addition of two seasoned executives, including John Butler, a managing director at Cohen & Company
He joins on August 4 while Sandra Clarke, CFO of Blue Shield of California, arrives on August 31.
Butler is a 25-year insurance executive and leads Cohen & Company’s US insurance asset management platform.
“I have been fortunate to work with many insurance companies throughout my career, and I have not seen a company like Metromile,” said Butler.
“I feel honored to join Metromile’s board of directors and help contribute to the strong foundation Dan, Dave and the team have already put in place to build a disciplined generational company.”
Clarke has more than 25 years of experience directing worldwide financial organizations in insurance and other highly regulated, critical industries.
Butler will assume the non-executive chairman role, succeeding David Friedberg, CEO of The Production Board and Metromile founder, who served in the position for more than 10 years. Friedberg will remain a member of the Metromile board of directors.
The company also announced that Betsy Z. Cohen stepped down from the board of directors.
“Betsy, along with the entire Cohen & Company team, has been instrumental in our transition to a public company. We thank her for invaluable support and guidance this past year,” said Metromile CEO Dan Preston.
“As part of our relationship with Cohen & Company, we have come to know John very well and have greatly benefited from his years of insurance industry experience. We are thrilled he is joining the Board.
Preston continued, “I am equally excited about Sandra’s appointment. She is a proven financial steward with years of experience at public companies, and she will be a strong addition to our Board.”
