Metromile Names Former Expedia Exec Regi Vengalil CFO

Vengalil will be responsible for Metromile’s financial management, including financial planning and operations, treasury, investor relations, reinsurance and corporate development.

(Regi Vengalil. Source; Metromile.)

Metromile (San Francisco), a digital insurance platform and pay-per-mile auto insurer, has announced that Regi Vengalil will join the company as Chief Financial Officer on May 24, 2021.

Vengalil will be responsible for Metromile’s financial management, including financial planning and operations, treasury, investor relations, reinsurance and corporate development, according to a Metromile statement. The company says that it expects Vengalil to play a critical role in advancing Metromile’s continued growth strategies and focus on ensuring the strength of the company’s balance sheet and delivering sustainable and profitable unit economics.

Dan Preston, CEO, Metromile.

“Regi has an impressive track record as a financial steward, corporate development strategist and operations executive. With his financial expertise and leadership, we are primed to enhance our unit-economic advantage and rapidly scale our business,” comments Dan Preston, CEO, Metromile.

“As a Metromile customer for six years, I have experienced firsthand the value Metromile can bring to drivers through fairer prices, fast claims resolution and a better experience. Dan and the team have made insurance real-time, individualized and fairer, and they are working to build a more engaging and profitable insurance enterprise,” comments Vengalil. “I am eager to help Metromile expand its mass appeal and further position us to rapidly and profitably grow our business and deliver long-term shareholder value.”

Vengalil most recently served as CFO of Egencia, Expedia Group’s (Seattle) corporate travel division, where he led the global finance team of more than 100 professionals and was responsible for the division’s financial planning and operations, controllership and commercial finance. Before becoming CFO of Egencia, he also served as a member of Expedia Group’s executive team as global head of corporate development and strategy.

Before joining Expedia Group, he was head of strategy, mergers and acquisitions, and business operations at LendingClub. Earlier in his career, he led teams advising financial services and travel firms on growth strategies at McKinsey & Company. He is also currently a member of the board of directors of Porch Group, a home services vertical software company.

Vengalil holds a master of business administration and bachelor of science in economics; both earned with honors from the Wharton School of the University of Pennsylvania.

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Anthony R. O’Donnell // Anthony O'Donnell is Executive Editor of Insurance Innovation Reporter. For nearly two decades, he has been an observer and commentator on the use of information technology in the insurance industry, following industry trends and writing about the use of IT across all sectors of the insurance industry. He can be reached at [email protected] or (503) 936-2803.

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