Goosehead Insurance Announces CEO Transition
22 February 2024 - 8:01AM
Goosehead Insurance, Inc., (NASDAQ: GSHD), a rapidly growing,
independent personal lines insurance agency, announced that
Chairman and Chief Executive Officer Mark Jones will transition to
Executive Chairman of the company effective July 1, 2024. Mark
Miller, President and Chief Operating Officer will succeed Mr.
Jones as CEO and will continue to serve as a member of the Board of
Directors.
“Mark and Robyn Jones founded Goosehead in 2003, with a vision
to fundamentally transform the personal lines insurance space
through a client choice model that offered unparalleled levels of
service,” stated Peter Lane, the company’s Lead Independent
Director. “In the 20 years since then, the company has delivered
sustained annual premium growth in excess of 30%, fueled by an
industry leading net promoter score of approximately 90, and client
retention in excess of 85%. The company’s total written premiums
are now in excess of $3B. Since the April 2018 IPO, Goosehead has
delivered extraordinary value to shareholders with a total
return of approximately 800% against a backdrop of cumulative
S&P 500 returns of just over 100%. A constant through all this
has been Mark’s visionary, people first leadership that has
fostered a dynamic, industry leading management team and culture.
On behalf of the Board of Directors, I would like to thank Mark for
his immense contributions to Goosehead. I look forward to working
with him in his ongoing active role as Executive Chairman, and
largest Goosehead shareholder. I would also like to thank Mark
Miller for his great contributions since joining management in 2022
- he has proven to be an inspirational and effective leader at
Goosehead; I look forward to working with him as our new Chief
Executive Officer."
“I am incredibly proud of the extraordinary company Goosehead
has become,” stated Mark Jones. “As we have grown, we have invested
in our management team with an eye to the future, building the
right leadership for a company many multiples its current size. The
most important recent addition has been Mark Miller who joined us
nearly 2 years ago as President and Chief Operating Officer and has
served as a member of the Board of Directors since our IPO. I have
known Mark for 25 years, and I have observed first-hand his
tremendous leadership ability as he has helped execute our
strategic plan and delivered exceptional business results. I have
great confidence in his experience, intelligence, and integrity to
deliver for all our stakeholders moving forward.”
“I am excited and extremely honored to be named as Goosehead’s
next CEO,” said Mark Miller. “The vision Mark and Robyn had in
founding this company over two decades ago was remarkable. Thanks
to Mark’s exceptional leadership, a unique business model was
created, and a strong culture was established that is unparalleled
in the industry. Today, our company is stronger than ever, and we
are uniquely positioned to expand our sizable competitive mote and
grow rapidly and profitability for many years to come. I am looking
forward to taking the company toward our ultimate goal of becoming
the largest distributor of personal lines insurance in the US.”
About Goosehead Insurance, Inc.Goosehead
(NASDAQ: GSHD) is a rapidly growing and innovative independent
personal lines insurance agency that distributes its products and
services through corporate and franchise locations throughout the
United States. Goosehead was founded on the premise that the
consumer should be at the center of our universe and that
everything we do should be directed at providing extraordinary
value by offering broad product choice and a world-class service
experience. Goosehead represents over 150 insurance companies that
underwrite personal and commercial lines. For more information,
please visit goosehead.com or
goosehead.com/become-a-franchisee.
ContactsMission North for Goosehead InsuranceEmail:
goosehead@missionnorth.com; PR@goosehead.com
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