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As part of the shake-up, Regi Vengalil, currently chair of the mergers and acquisition committee, will replace Saade as Porch’s lead independent director.
“I am grateful for my time on the Porch board and pleased with the progress of the company’s first year as a public company,” said Saade, former lead independent director of Porch Group. “We have worked to ensure a smooth transition, and I am confident Regi is well-positioned to help guide the company into its next phase of growth.”
“The company deployed a comprehensive search process to source talent that continues to strengthen independent governance, diversity of perspective and leverages world-class perspective. Sean brings vast experience and a fresh view that will be valuable as we continue to grow in verticals such as home inspection and digital mortgage automation, and further enhance our insurance and warranty offerings,” Vengalil said.