SEATTLE, Sept. 06, 2023 (GLOBE NEWSWIRE) — Trupanion, Inc. (Nasdaq: TRUP), the main supplier of pet medical insurance coverage for cats and dogs, introduced at present the appointment of Fawwad Qureshi as Chief Finance Officer. Mr. Qureshi will formally be a part of Trupanion on September 25, 2023.
Mr. Qureshi joins Trupanion with over 20 years of senior-level monetary expertise, efficiently steering progress in income and profitability for publicly-traded, world progress firms. Notably, throughout his most recent tenure at Expedia Group as Senior Vice President of Finance and CFO of Brands, Qureshi had full P&L and business duty for its over $9 billion portfolio of world-class client manufacturers together with Expedia, Vrbo, Hotels.com, Orbitz and Travelocity.
Prior to Expedia, Qureshi acted because the CFO for Nike Global Technology, the place he managed its omni-channel portfolio of expertise investments, overlaying digital product growth for consumer-facing, e-commerce properties. Prior to that, he labored at Intel in finance positions of accelerating seniority.
“We are thrilled to welcome Fawwad to Trupanion. He joins Trupanion with a pedigree of senior financial leadership in rapidly growing, consumer businesses. His well-established track record of managing multiple P&Ls for global growth companies will benefit us greatly as we work to achieve both our near and long-term goals,” stated Margi Tooth, President of Trupanion. “At a time where we are helping more pets than ever, across multiple products, channels and geographies, I’m excited to have him aboard and leading this critical and growing function.”
“Fawwad’s appointment to Chief Financial Officer reinforces the future-focused leadership team that we have been building over time,” stated Darryl Rawlings, founder, Chief Executive Officer and Chair of the Board. “His experience as an operations-focused, financial leader for large global enterprises is a great addition to Trupanion.”
“Trupanion’s mission to help care for pets is inspiring,” stated Fawwad Qureshi, Trupanion’s incoming CFO. “With an underserved market and leading products, Trupanion is well positioned for the future. I am excited to join and support the team in our mission to help loving, responsible pet owners around the world.”
Mr. Qureshi holds a Master of Business Administration from Boston University and a Bachelor of Arts from St. Olaf College.
Wei Li, who has acted as interim CFO since June, will stay with Trupanion within the capability of SVP, Finance and Corporate Controller.
Ms. Tooth added, “I am immensely grateful to Wei for his partnership, service and leadership as interim CFO, and know he will continue to be an incredible asset to our company.”
About Trupanion
Trupanion is a pacesetter in medical insurance coverage for cats and dogs all through the United States, Canada, Europe, Puerto Rico and Australia with over 900,000 pets enrolled. For over 20 years, Trupanion has given pet house owners peace of thoughts to allow them to give attention to their pet’s restoration, not monetary stress. Trupanion is dedicated to offering pet house owners with the very best worth in pet medical insurance coverage with limitless payouts for the lifetime of their pets. With its patented course of, Trupanion is the one North American supplier with the expertise to pay veterinarians instantly in seconds on the time of checkout. Trupanion is listed on NASDAQ beneath the image “TRUP”. The firm was based in 2000 and is headquartered in Seattle, WA. Trupanion insurance policies are issued, within the United States, by its wholly-owned insurance coverage entity American Pet Insurance Company and, in Canada, by Omega General Insurance Company. Trupanion Australia is a partnership between Trupanion and Hollard Insurance Company. For extra data, please go to trupanion.com.
Forward-Looking Statements
This press launch accommodates forward-looking statements throughout the which means of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 regarding, amongst different issues, expectations, plans, prospects and monetary outcomes for Trupanion. These statements are primarily based upon the present expectations and beliefs of Trupanion’s administration as of the date of this press launch, and are topic to sure dangers and uncertainties that might trigger precise outcomes to vary materially from these described within the forward-looking statements. All such statements are primarily based on data accessible to Trupanion as of the date hereof, and Trupanion has no obligation to update these statements.
In explicit, the next components, amongst others, may trigger outcomes to vary materially from these expressed or implied by such forward-looking statements: the flexibility to realize or keep profitability and/or applicable ranges of money movement in future durations; the flexibility to continue to grow our membership base and income; the accuracy of assumptions utilized in figuring out applicable member acquisition expenditures; the severity and frequency of claims; the flexibility to take care of excessive retention charges; the accuracy of assumptions utilized in pricing medical plan subscriptions and the flexibility to precisely estimate the affect of latest merchandise or choices on claims frequency; precise claims expense exceeding estimates; regulatory and different constraints on the flexibility to institute, or the choice to in any other case delay, pricing modifications in response to adjustments in precise or estimated claims expense; the effectiveness and statutory or regulatory compliance of our Territory Partner mannequin and of our Territory Partners, veterinarians and different third events in recommending medical plan subscriptions to potential members; the flexibility to retain current Territory Partners and enhance the variety of Territory Partners and lively hospitals; compliance by us and people referring us members with legal guidelines and laws that apply to our business, together with the sale of a pet medical plan; the flexibility to take care of the safety of our knowledge; fluctuations within the Canadian foreign money trade charge; the flexibility to guard our proprietary and member data; the flexibility to take care of our tradition and staff; the flexibility to take care of the requisite quantity of risk-based capital; our capacity to implement and keep efficient controls, together with over monetary reporting; the flexibility to guard and implement Trupanion’s mental property rights; the flexibility to efficiently implement our alliance with Aflac; the flexibility to proceed key contractual relationships with third events; third-party claims together with litigation and regulatory actions; the flexibility to acknowledge advantages from investments in new options and enhancements to Trupanion’s expertise platform and web site; and our capacity to retain key personnel.
For an in depth dialogue of those and different cautionary statements, please confer with the chance components mentioned in filings with the Securities and Exchange Commission (SEC), together with however not restricted to, Trupanion’s Annual Report on Form 10-Okay for the yr ended December 31, 2022 and any subsequently filed studies on Forms 10-Q, 10-Okay and 8-Okay. All paperwork can be found by way of the SEC’s Electronic Data Gathering Analysis and Retrieval system at https://www.sec.gov or the Investor Relations part of Trupanion’s web site at https://buyers.trupanion.com.
Contacts:
Investors:
Laura Bainbridge, Senior Vice President, Corporate Communications
[email protected]
