Capital One Marketing Veteran Joins Metromile to Lead Growth and Nationwide Expansion
May 14 2021 - 8:00AM
Metromile, Inc. (NASDAQ: MILE, MILEW), a leading digital insurance
platform and pay-per-mile auto insurer, today announced Capital One
marketing veteran Troy Dye will join the company in the new role of
Senior Vice President, Growth on May 24, 2021. He will oversee a
fast-growing team of growth, acquisition, brand and marketing
professionals as a member of the leadership team.
Dye will be responsible for bringing Metromile’s
vision of fairer and real-time insurance to more drivers at a time
when consumers increasingly seek pay-per-mile auto insurance and
greater flexibility and digital experiences from their insurer.
“Having spent more than 20 years at Capital One,
Troy stood out as a disciplined, data-driven marketer who balances
growth and profitability,” said Metromile Chief Executive Officer
Dan Preston. “Troy joins at a critical juncture as we rapidly scale
the business in our existing footprint and lay the groundwork to
bring Metromile to more than 100 million drivers nationwide. He is
a hands-on team leader, strategist and operator, and I am confident
he will drive our growth engine forward.”
Dye has focused his marketing career
transforming brands and marketing machines for large, data-driven
and digital personal finance products. He was most recently
Managing Vice President and Head of Card Marketing, Engagement and
Insights for Capital One’s (NYSE: COF) domestic consumer credit
card business.
Previously, he held executive roles leading
marketing for Capital One’s small business credit card and
partnerships divisions and the brand strategy for the U.S. credit
card business and the marketing team in Canada.
He was also a Practice Manager for the small
business practice at Corporate Executive Board, helping Fortune 500
companies effectively market to small business owners.
“As a Metromile customer, I have seen firsthand
how the company sets itself apart through its personalized
experience and impactful savings,” said Dye. “I am thrilled to join
Metromile as pay-per-mile auto insurance hits a tipping point, and
I look forward to providing drivers a better value proposition and
expanding our reach across the country.”
Dye also serves on the board of directors of
NextUp, a nonprofit organization focused on providing quality
after-school programs for middle school students in Richmond,
Virginia. He is an alumnus of the University of Virginia and the
United States Naval Academy.
Metromile will begin expanding nationwide in the
second half of 2021. The digital insurance platform’s data from the
first three months of 2021 indicates driving is returning to as
much as 95% of pre-pandemic levels. Social trends, such as
increased remote work and larger suburban and rural communities,
point to a new normal with more Americans changing how they get
around and becoming low-mileage drivers, looking for new ways to
save.
About MetromileMetromile
(NASDAQ: MILE, MILEW) is a leading digital insurance platform in
the United States. With data science as its foundation, Metromile
offers real-time, personalized auto insurance policies by the mile
instead of the industry’s reliance on approximations that have
historically made prices unfair. Metromile’s digitally native
offering is built around the modern driver’s needs, featuring
automated claims, complimentary smart driving features and annual
average savings of 47% over what they were paying their previous
auto insurer.
In addition, through Metromile Enterprise, it
licenses its technology platform to insurance companies around the
world. This cloud-based software as a service enables carriers to
operate with greater efficiency, automate claims to expedite
resolution, reduce losses associated with fraud, and unlock the
productivity of employees.
For more information about Metromile, visit
www.metromile.com and
enterprise.metromile.com.
ContactsRick Chen,
Metromilepress@metromile.com415-676-7744
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/9d03a6fd-75af-4295-bd11-fce3f0cfd1e0
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