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SEATTLE, September 29, 2021 (GLOBE NEWSWIRE) – Trupanion, Inc. (Nasdaq: TRUP) today announced the promotion of Drew Wolff to Executive Vice President and Chief Financial Officer, effective October 1, 2021. Tricia Plouf , current CFO of Trupanion, will retain the role of co-chair, overseeing the company’s finance, actuarial, human and legal resources, technology and operations teams.
“We are very pleased to announce the appointment of Drew as Chief Financial Officer,†said Tricia Plouf, Co-President of Trupanion. “Drew has been an integral part of our business and has been part of our culture since his arrival last May. His extensive experience in consumer credit with major global brands has proven to be a great addition to Trupanion. I expect Drew’s transition to his expanded role to be smooth given our close collaboration over the past few months.
“Drew is a recognized leader and brings extensive global brand experience to Trupanion,†added Margi Tooth, Co-President of Trupanion. “After working with Drew for several months, I am delighted to build on his experience as we execute our international expansion plans. “
In addition to the sentiments of Ms. Plouf and Ms. Tooth, Darryl Rawlings, Founder and CEO of Trupanion, said: “Drew has been an exceptional addition to Trupanion and is highly qualified to become our next CFO. Equally important, he is passionate about animals, has a strong character, and brings a diverse life experience to Trupanion. Her appointment should also free up Tricia’s bandwidth to focus on her role as co-chair, and partnering with Margi, executing our 60-month plan.
Mr. Wolff has over 20 years of financial management experience, most recently as Chief Financial Officer of International for Starbucks (2017 – 2020) and previously as Global Treasurer of Starbucks (2014 – 2017). Prior to Starbucks, Mr. Wolff held senior financial and strategic planning positions at large retail banks with operations in the United States, Europe and Africa.
“Since joining Trupanion in May, I have been amazed at the quality of talent within the organization,†said Drew Wolff, Executive Vice President of Finance at Trupanion and new CFO. “I look forward to taking on the role of CFO and bringing my experience leading finance teams to global companies as we execute on Trupanion’s long-term growth initiatives. “
Mr. Wolff holds an MBA from the University of Michigan and a BS in Economics from the United States Naval Academy. Before starting his business career, he served as a naval officer aboard several nuclear submarines.
About Trupanion
Trupanion is a leading cat and dog health insurance company in the United States, Canada and Australia with over 600,000 pets enrolled. For over two decades, Trupanion has provided pet owners with peace of mind so they can focus on their pet’s recovery, not financial stress. Trupanion is committed to providing pet owners with the highest value in pet health insurance with unlimited payments for the life of their pets. With its proprietary software, Trupanion is the only vendor with the technology to pay vets directly within minutes of checkout. Trupanion is listed on the NASDAQ under the symbol “TRUP”. The company was founded in 2000 and is headquartered in Seattle, WA. Trupanion policies are issued in the United States by its wholly owned insurance 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 more information, please visit trupanion.com.
Forward-looking statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 concerning, among other things, the expectations, plans, prospects and financial results of Trupanion, including, but not limited to, its expectations regarding its ability to continue to grow its enrollments and revenues, to implement its alliance with Aflac and to execute its business plan. These forward-looking statements are based on the current expectations and beliefs of the management of Trupanion as of the date of this press release, and are subject to certain risks and uncertainties which could cause actual results to differ materially from those described in the forward-looking statements. . All forward-looking statements made in this press release are based on information available to Trupanion as of the date hereof, and Trupanion has no obligation to update these forward-looking statements.
In particular, the following factors, among others, could cause results to differ materially from those expressed or implied by these forward-looking statements: the ability to achieve or maintain profitability and / or appropriate levels of cash flow in future periods; the ability to continue to grow our membership base and revenues; the accuracy of the assumptions used to determine the appropriate membership acquisition expenses; the severity and frequency of complaints; the ability to maintain high retention rates; the accuracy of the assumptions used in pricing medical plan subscriptions and the ability to accurately estimate the impact of new products or offerings on the frequency of complaints; actual claims expenses exceeding estimates; regulatory and other constraints on the ability to institute, or the decision to otherwise delay, rate changes in response to changes in actual or estimated claim expense; the effectiveness and statutory or regulatory compliance of our territory partner model and our territory partners, veterinarians and other third parties in recommending medical plan subscriptions to potential members; the ability to retain existing territorial partners and increase the number of active territorial partners and hospitals; compliance by us and by those who refer us as members of the laws and regulations that apply to our business, including the sale of a pet medical plan; the ability to maintain the security of our data; fluctuations in the Canadian dollar exchange rate; the ability to protect our proprietary information and that of members; the ability to maintain our culture and our team; the ability to maintain the required amount of risk-based capital; our ability to implement and maintain effective controls, including over financial reporting; the ability to protect and enforce the intellectual property rights of Trupanion; the ability to successfully implement our alliance with Aflac; the ability to pursue key contractual relationships with third parties; third party claims, including litigation and regulatory actions; the ability to recognize the benefits of investments in new solutions and improvements to Trupanion’s technology platform and website; and our ability to retain key personnel.
For a detailed discussion of these and other cautions, please refer to the risk factors discussed in the filings with the Securities and Exchange Commission (SEC), including, but not limited to, Trupanion’s annual report on Form 10-K for the year ended December 31. , 2020 and any report subsequently filed on Forms 10-Q and 8-K. All documents are available through the SEC’s Electronic Data Retrieval and Analysis System at www.sec.gov or the Investor Relations section of Trupanion’s website at http: // investors .trupanion.com.
Contact
Laura Bainbridge, Vice-President, Corporate Communications
206.607.1929
Investor Relations@trupanion.com
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