Lemonade (NYSE: LMND), the digital insurance company powered by AI and social impact, announced it has named two new members to its Board of Directors, Deb Schwartz and Dr. Samer Haj-Yehia, “effective immediately.”
The newly named Directors will “succeed departing Directors Irina Novoselsky and Silvija Martincevic.”
Ms. Schwartz is a seasoned financial leader “skilled at enabling companies to innovate, grow and scale. She is currently the Chief Financial Officer of H1, a leading healthcare data technology company whose mission is to connect the world to the right doctors. Deb previously served as CFO at Cameo, the celebrity video shoutout pioneer, and at Bustle Digital Group, the digital media provider. Deb spent more than a decade as an equity analyst with Goldman Sachs and Credit Suisse, and holds an MBA from Harvard University, and a BA/BS from the University of Pennsylvania.”
Schwartz noted:
“I’ve focused much of my career on developing business and financial strategies that drive growth and innovation. I look forward to working with Daniel, Shai, and the Lemonade Board and leadership team as the Company continues on its path to profitability.”
Dr. Haj-Yehia brings extensive executive and board experience “at various conglomerates across multiple industries in Israel and the US. Until October 2023, Samer was the Group Executive Chairman of Bank Leumi, Israel’s largest and oldest bank.”
Under his leadership since 2019, Leumi became “the largest and most efficient bank in Israel, grew its income and profitability, and underwent technological transformation and innovation. While in the US, Samer practiced investment management, trading, and fintech innovation at leading financial institutions, including at Fidelity.”
He also served as “a member of public and government committees, teaches finance and fintech at Reichman University, and is a guest speaker at international conferences. Samer holds a Ph.D. in economics from MIT, and an MBA (summa cum laude), LLB, MA (magna cum laude) in economics, and BA (magna cum laude) in accounting, all from Hebrew University. He is a CFA charterholder.”
Dr. Haj-Yehia said:
“I’ve long shared Daniel and Shai’s belief that the power of technology and artificial intelligence have the ability to transform industries, especially centuries-old industries like insurance. Lemonade is doing exactly that, and I’m honored to join the company’s Board of Directors at this pivotal time.”
The two new Board members “replace departing Directors Irina Novoselsky and Silvija Martincevic, both of whom have recently undertaken CEO roles in other companies. During their three years on Lemonade’s Board, both Irina and Silvija contributed their exceptional insight and depth of experience, and their service to the Company is greatly appreciated.”
Earlier this year, Irina was “named CEO of Vancouver-based Hootsuite, a social media management tool provider, while Silvija was recently named CEO of Sydney-based Deputy, a leading provider of workforce management technology.”
Daniel Schreiber, Lemonade co-Founder and co-CEO, said:
“Deb and Samer bring exceptional knowledge and expertise to the Board and company—Deb being a true leader and trailblazer in business, healthcare, and the ever-evolving media landscape; and Samer, an incredibly esteemed economist who has broken barriers throughout his career.”
Along with Deb and Samer, Lemonade’s current Board is “composed of Lemonade co-Founders Daniel Schreiber and Shai Wininger, as well as Michael Eisenberg (Partner, Aleph) and Shu Nyatta (Founder/Managing Partner, Bicycle Capital).”
