Hippo Appoints Richard McCathron as CEO; Founder Assaf Wand Becomes Executive Chairman

Hippo Holdings Inc.

Richard McCathron appointed CEO effective June 6, 2022; previously President since 2017.
Founder Assaf Wand becomes Executive Chairman to focus on long-term strategic initiatives.
Wand's annual salary reduced from $600,000 to $250,000; McCathron's compensation unchanged.
McCathron brings extensive insurance leadership including roles at First Connect, Superior Access, and Mercury Insurance.

item 5.02 item 7.01 item 9.01

Executive movements

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Role change

Assaf Wand

Executive Chairman of the Board

HIPO · Hippo Holdings Inc.

Effective: 2022-06-06
Successor: Richard McCathron
Filed: June 6, 2022, 7:59 PM ET

On June 3, 2022, the board of directors (the “Board”) of Hippo Holdings Inc. (the “Company”) appointed Richard McCathron as the Company’s Chief Executive Officer, to succeed Assaf Wand upon Mr. Wand’s appointment as the Company’s Executive Chairman of the Board, each effective as of June 6, 2022 (the “Effective Date”).

Role change

Richard McCathron

Chief Executive Officer

HIPO · Hippo Holdings Inc.

Effective: 2022-06-06
Filed: June 6, 2022, 7:59 PM ET

On June 3, 2022, the board of directors (the “Board”) of Hippo Holdings Inc. (the “Company”) appointed Richard McCathron as the Company’s Chief Executive Officer, to succeed Assaf Wand upon Mr. Wand’s appointment as the Company’s Executive Chairman of the Board, each effective as of June 6, 2022 (the “Effective Date”).

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Assaf Wand was appointed as Executive Chairman of the Board at Hippo Holdings Inc..

Action: appointed
Role: Executive Chairman of the Board

Exact text from the filing

On June 3, 2022, the board of directors (the “Board”) of Hippo Holdings Inc. (the “Company”) appointed Richard McCathron as the Company’s Chief Executive Officer, to succeed Assaf Wand upon Mr. Wand’s appointment as the Company’s Executive Chairman of the Board, each effective as of June 6, 2022 (the “Effective Date”).

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Richard McCathron was appointed as Chief Executive Officer at Hippo Holdings Inc..

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

On June 3, 2022, the board of directors (the “Board”) of Hippo Holdings Inc. (the “Company”) appointed Richard McCathron as the Company’s Chief Executive Officer, to succeed Assaf Wand upon Mr. Wand’s appointment as the Company’s Executive Chairman of the Board, each effective as of June 6, 2022 (the “Effective Date”).

View on SEC.gov

Hippo Holdings Inc. filing history →

Source: SEC EDGAR

accession 0001193125-22-168314

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