SAN FRANCISCO, June 20, 2017 /PRNewswire/ -- Metromile, the leader in pay-per-mile insurance in the United States, today announced that Carrie Dolan has joined the company as Chief Financial Officer (CFO). Dolan, a seasoned and financial executive with a proven track record of scaling high-growth consumer brands, is joining Metromile to help lead the company's next phase of growth.
Dolan most recently served as CFO of Lending Club, which she helped grow into the world's largest online credit marketplace connecting borrowers and investors. Over her six-year tenure, annual revenue increased more than 7,000% and in 2014, she managed the company's IPO, one of the top 10 U.S.-based Internet public offerings of all time. Prior to Lending Club, Dolan spent 10 years at Charles Schwab & Co, where she was Senior Vice President and Treasurer, as well as CFO, Schwab Bank, which she helped launch in 2003.
"Over her storied career, Carrie has been an exemplary financial steward of leading brands, earning the respect of her colleagues and peers along the way," said Dan Preston, CEO at Metromile. "We're thrilled to have an executive of Carrie's caliber join our team. We're eager to bring to bear her deep knowledge of financial services, capital markets and scaling fast-growing organizations as we accelerate the growth of Metromile."
In addition to her professional successes, Dolan has received several industry accolades. She's been named one of the Most Powerful Woman in Finance by American Banker, featured in The San Francisco Business Times Forever Influential List, and recognized as the Financial Woman of the Year by The Financial Women of San Francisco for her commitment to her profession, service to community and support for the advancement of women.
"Metromile's pay-per-mile insurance model is a disruptive breakthrough in the insurance industry," said Carrie Dolan, CFO, Metromile. "I've seen firsthand how technology and data can translate into better rates for borrowers, and similarly, Metromile is leveraging technology and data to more efficiently underwrite risk and process claims, providing lower-mileage drivers more affordable premiums and better service. This is a fantastic team and I am very excited about the opportunity to work together in revolutionizing the insurance industry and leading Metromile's next phase of growth."
Early in her career, Dolan held various financial positions at Chevron where she launched the Chevron Credit Bank, which offered proprietary credit cards. She holds both a bachelor's degree in finance and an MBA from UC Berkeley Haas School of Business.
In addition to Dolan's appointment, Metromile also announced four recent promotions that further support the company's growth initiatives: James Moorhead to Chief Operating Officer, Sean Griswold to Chief Customer Officer, Katy Allen to VP of Business Development and Jason Foucher to VP of Insurance Product.
Metromile's pay-per-mile car insurance saves low mileage drivers $500 on average each year. In addition, Metromile's smart driving app and in-car telematics device give customers visibility into their car's general health and usage, as well as pinpoint their car's exact location via the vehicle locator, and help customers avoid parking tickets via the app's street sweeping alerts (in select cities). Metromile's pay-per-mile insurance is currently available in seven states, including Calif., Ill., N.J., Ore., Pa., Va., and Wash., and the company is focused on offering pay-per-mile insurance nationwide.
Metromile is revolutionizing car insurance through technology with its pay-per-mile insurance model. By offering affordable car insurance, transparent pricing based on the miles you actually drive, data to optimize how you use your car, and instant access to detailed vehicle diagnostics via the driving app, Metromile is transforming car insurance — and car ownership — to be more intelligent, seamless, and accessible than ever before. Metromile is expanding across the US, and currently empowering drivers Calif., Ill., N.J., Ore., Pa., Va., and Wash.
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