Tech Moves: Porch Group CFO to step down; OfferUp legal leader joins SeekOut
— Porch Group Chief Financial Officer Marty Heimbigner is leaving the Seattle-based home services company. In a new SEC filing released Friday, Porch said he “mutually agreed” with Heimbigner to initiate a search for his successor. He will remain chief financial officer for up to six months during the transition period.
“Marty has had a big impact in bringing Porch Group to where we are and now is a great time for Marty to explore his next opportunity and for Porch Group to welcome our future CFO,” Walter Ruddy, Head of Relationships with investors at Porch, said in a statement to GeekWire. “We very much appreciate his impact and his efforts.”
Heimbigner joined Porch in June 2020. He previously held finance leadership positions at WASH Multifamily Laundry Systems; Maven; Pacific CFO Group, BSQUARE and other companies.
After focusing in its early years on providing consumers with home improvement data, Porch has reinvented itself as a provider of enterprise resource planning (ERP) and management software. customer relationship management (CRM) for home service companies.
Porch went public on the Nasdaq in December 2020 through a merger with a special purpose acquisition company (SPAC), raising $322 million in the process. It reported 2021 revenue of $192.4 million, up 166% year-over-year, and a net loss of $106.6 million, down from $54 million.
Other personnel changes in the Pacific Northwest tech industry:
- Carmen Bestwho served as Seattle’s police chief from August 2018 to September 2020, joined Microsoft as Director of Global Security Risk Management Operations.
- Sam Shaddoxformer associate general counsel and assistant secretary for the second-hand goods market OfferUpjoined the recruitment software startup To research as Vice President and Chief Legal Officer.
- West Monroe, a digital consulting firm, has promoted several executives to its Seattle office. They understand Dan Howelsenior health and life sciences partner, Jon Maginmanaging director of mergers and acquisitions, and Jeremy Bruckmanaging director of mergers and acquisitions.