SEATTLE, WA (Vocus)/August 16, 2012 — Trupanion, North America’s second-largest and fastest-growing pet insurance provider, today announced the recent hire of Michael Banks as Chief Financial Officer. Banks brings over 30 years of leadership experience to Trupanion.
Banks, a 1981 graduate of the University of Delaware, will be in charge of all financial functions within the company, including financial plans and policies, accounting practices and procedures, and the company’s relationship with the financial community. After taking his last company public, he will ensure that Trupanion is well-positioned for potential initial public offering.
“Mike’s common-sense approach to leadership is a great fit within our corporate culture,” said Darryl Rawlings, Chief Executive Officer at Trupanion. “His reputation for balanced judgment, stability, and his capacity to steer consensus among diverse agendas and visions is something we have been looking for and feel quite lucky to find.”
Prior to joining Trupanion, Banks served as Executive Vice President and Chief Financial Officer at Penn Millers Holding Corporation in Wilkes-Barre, Penn., where he was responsible for strategic planning, performance management systems, acquisitions and divestitures, and building operations and services.
“Trupanion’s incredible growth and value within the industry, and the ambitious and experienced management team, are what drew me to the position,” said Banks. “I am confident I can use my experience to help propel this company to even further success.”
Banks has also held leadership positions at Atlantic Mutual Companies in Madison, NJ; AMBAC Indemnity Corporation in New York, NY; and KPMG Peat Marwick in Short Hills, NJ.
Banks lives in the Ballard community of Seattle with his wife, two daughters, and two Standard Poodles.