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Porch Group Appoints Amanda Reierson and Camilla Velasquez to Board of Directors as Independent Directors

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Porch Group Appoints Amanda Reierson and Camilla Velasquez to Board of Directors as Independent Directors

Porch Group Appoints Amanda Reierson and Camilla Velasquez to Board of Directors as Independent Directors

GlobeNewswire

Published on : Oct 5, 2022

Appointees Bring Strong Marketing, Direct-to-Consumer and Product Growth Leadership to Porch Group

Porch Group, Inc. (“Porch Group” or “the Company”) (NASDAQ: PRCH), a leading vertical software company reinventing the home services and insurance industries, today announced that Amanda Reierson and Camilla Velasquez have been appointed to its Board of Directors (“Board”), effective immediately. With the appointment of these two accomplished women, Porch Group’s Board will comprise eight directors, fifty percent of whom are members of diverse communities.

“We are very pleased to have Amanda and Camilla join our Board," said Matt Ehrlichman, CEO, Chairman and Founder of Porch Group. “The addition of these directors complements our board of directors' skills and experiences, in particular across home services, insurance and direct-to-consumer e-commerce, and we are confident they will provide valuable perspectives as we continue to execute our strategy, drive towards profitability and enhance value for all Porch Group stakeholders."

“Porch Group’s evolution and maturation towards a sustainable growth engine are bolstered with the addition of these talented innovators,” added Rachel Lam, independent director at Porch Group since 2021 and chair of the Nominating and Corporate Governance Committee that oversaw the recruiting and onboarding efforts. “After a thorough and fruitful search focused on independence and diversity as well as world-class skills and experiences, I couldn’t be more excited about the positive impact Amanda and Camilla will have on our Board and Porch Group as a whole.”

Reierson and Velasquez will serve on the Mergers and Acquisitions Committee and the Compensation Committee, respectively. The former will serve as a Class I director, and the latter will serve as a Class II director. Complete information about current Board committee composition and committee chair roles appears on the Company’s Investor Relations website, www.porchgroup.com.