Coalition Appoints First Chief Financial Officer, General Counsel, Adds New Board Member to Support Rapid Company Growth and International Expansion
SAN FRANCISCO, Aug. 05, 2022 (GLOBE NEWSWIRE) -- Coalition, the world’s first Active Insurance company designed to prevent digital risk before it strikes, today announced it has appointed Jim Young as Chief Financial Officer (CFO), John Littzi as General Counsel, and added Julie Richardson as board member to further accelerate the company’s vision to provide security for all. The new hires and board member addition come on the heels of a $250M investment into Coalition in July, boosting the valuation of the company to $5B.
“The new additions to our leadership team bring decades of experience building global technology and finance companies, and are proven leaders who will help Coalition to navigate new markets and accelerate our internal development during a sustained period of rapid growth,” said Coalition co-founder and CEO Joshua Motta. “Julie, Jim, and John each have a wealth of experience building large companies that have all grown to become global leaders.”
Coalition added the following individuals to its leadership team and board:
“Coalition’s vision to provide security for all as the world digitizes is more important now than ever,” noted CFO Jim Young. “I’m thrilled to be joining the company at this critical juncture, and to join in Coalition’s effort to protect organizations globally with Active Insurance and technology solutions.”
“The technology and data at the core of Coalition are unrivaled,” said John Littzi. “After spending over a decade at a world class insurance organization, I look forward to using my experience to help Coalition protect and prepare organizations for the digital risks of the future as every part of our global economy becomes more reliant on technology.”
“As the landscape of digital risk has evolved and intensified over the past several years, I’ve been impressed by changemakers in the space seeking a different and better solution,” said Julie Richardson. “Coalition’s approach to solving digital risk is one I am proud to align with, and I’m honored to be joining this industry-leading team on their journey.”
Joining Coalition’s executive team at a key moment on its journey to create a safer digital economy, Young, Littzi, and Richardson are poised to support the company as it accelerates its scale and shapes the future of digital insurance.
Coalition was named one of Inc’s Best Places to Work in 2021 and was named to Fast Company’s annual list of the World’s Most Innovative Companies for 2022. Additionally, Joshua Motta has been recognized as one of EY’s Entrepreneur of the Year Bay Area winners for 2022.