Hippo Appoints its EVP & Chief Strategy Officer Stewart Ellis to Its Board of Directors

Rhea-AI Summary

Hippo (NYSE: HIPO) announced that Executive Vice President & Chief Strategy Officer and former CFO Stewart Ellis will join the Company's Board of Directors effective June 3, 2026. Mr. Ellis will resign his executive role and become a consultant effective May 1, 2026.

Mr. Ellis has served at Hippo for seven years, led the company's transition from private to public, and oversaw strategic acquisitions and divestitures. His appointment aims to preserve continuity between management and the Board.

Positive

• Board appointment effective June 3, 2026
• Consulting transition preserves institutional knowledge from May 1, 2026
• Seven years of Hippo leadership and strategic experience
• Led company transition from private to public and strategic M&A

Negative

• Resignation from executive role effective May 1, 2026
• Creates an open EVP & Chief Strategy Officer operating seat

News Market Reaction – HIPO

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In the Apr 23 session, HIPO declined 1.15%, reflecting a mild negative market reaction.

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SAN JOSE, Calif., April 22, 2026 /PRNewswire/ -- Hippo (NYSE: HIPO) today announced the appointment of its current Executive Vice President and Chief Strategy Officer and former Chief Financial Officer, Stewart Ellis, to the Company's Board of Directors effective June 3rd, 2026. In connection with his transition to a Board role, Mr. Ellis will resign from his current position and become a consultant to the Company, effective May 1st, 2026.

"Stewart has been an invaluable member of the Hippo leadership team for the past seven years," said Rick McCathron, President and CEO of Hippo. "During that time, he built a world-class finance team, oversaw our transition from a private to public company, led several strategic acquisitions and divestitures, and was a core partner to both me and the Board in defining our vision and strategy. I could not be more excited that Stewart wants to continue to be part of what we are building at Hippo."

Before joining Hippo as its Chief Financial Officer in 2019, Mr. Ellis served as Chief Financial Officer at Activehours (d/b/a Earnin), a mobile fintech company, from April 2017 to February 2019; as Chief Financial Officer at BloomReach, Inc., an enterprise software company, from July 2012 to April 2017; and as Vice President, Finance, and other roles, of 23andMe, Inc. from September 2008 to July 2012. Mr. Ellis holds a bachelor's degree with a concentration in Economics from Harvard College and an MBA from Harvard Business School, where he was a George F. Baker Scholar.

"Working with Hippo's leadership team over the past seven years to build the Company into what it is today has been one of the highlights of my career," said Mr. Ellis. "As we continue building toward our long-term vision, I'm thrilled to join my colleagues on Hippo's Board to support that journey."

About Hippo
Hippo is a technology-native insurance group that uses its carrier platform to diversify risk across both personal and commercial lines. Through the Hippo Homeowners Insurance Program, the company applies deep industry expertise and advanced underwriting to deliver proactive, tailored coverage for homeowners. Hippo Holdings Inc. subsidiaries include Hippo Insurance Services, Spinnaker Insurance Company, Spinnaker Specialty Insurance Company, and Wingsail Insurance Company. Hippo Insurance Services is a licensed property casualty insurance agent with products underwritten by various affiliated and unaffiliated insurance companies. For more information, please visit http://www.hippo.com.

Contacts

Investors:
Charles Sebaski
investors@hippo.com

Press:
Mark Olson
press@hippo.com

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SOURCE Hippo Holdings Inc.

FAQ

When will Stewart Ellis join Hippo's board of directors (HIPO)?

He will join Hippo's Board of Directors effective June 3, 2026. According to the company, this follows his resignation from the executive role and a consulting transition effective May 1, 2026.

What is Stewart Ellis's role change timeline at Hippo (HIPO)?

Mr. Ellis will resign his executive position and begin consulting May 1, 2026, then join the board on June 3, 2026. According to the company, this is part of his transition from EVP to director.

How long has Stewart Ellis worked at Hippo before the board appointment (HIPO)?

He has been with Hippo for seven years. According to the company, his tenure included serving as CFO and leading strategy, acquisitions, and the public listing transition.

Will Stewart Ellis continue advising Hippo after leaving his executive role (HIPO)?

Yes. He will become a consultant to Hippo effective May 1, 2026. According to the company, this consulting role precedes his appointment to the Board on June 3, 2026.

What experience does Stewart Ellis bring to Hippo's board (HIPO)?

He brings CFO and strategy experience, including leading the private-to-public transition and M&A. According to the company, his background spans finance and strategic roles over the past seven years at Hippo.