Goosehead CEO Mark Jones leaves post

  • After almost 22 years in the position
  • Accolades, praise and thanks for Jones
  • Mark Miller taking over
  • Jones will remain as Executive Chairman at Goosehead
  • Jones said 123 words

(exechange) — Westlake, Texas, February 21, 2024 — Mark Jones, chief executive of Goosehead, leaves his position. As announced by Goosehead Insurance Inc. in a news release and in a regulatory filing published on Wednesday, February 21, 2024, Mark E. Jones leaves his post as chief executive officer at the insurance agency, after almost 22 years in the role, effective July 1, 2024.

It is the end of an era.

Mark Jones’s duties as CEO will be taken over by Mark K. Miller, currently President and Chief Operating Officer at Goosehead Insurance Inc.

No reason given

In the announcement, Goosehead did not explicitly explain the reason for the move.

Jones will remain as Executive Chairman at Goosehead

Goosehead stated: “Chairman and Chief Executive Officer Mark Jones will transition to Executive Chairman of the company effective July 1, 2024.”

“Step down”

Goosehead said: “On February 21, 2024, the Board of Directors (the “Board”) of Goosehead Insurance, Inc. (the “Company”) approved the Company’s management succession plan, pursuant to which Mark E. Jones will step down from his position as the Company’s Chief Executive Officer (“CEO”) and assume the position of Executive Chairman.”

Share price increase since February 2023

The announcement follows an increase in Goosehead Insurance Inc.’s share price of 115% since February 2023.

In the position of CEO since 2003

Mark Jones became CEO of the Company in 2003.

Mark E. Jones has served as Chief Executive Officer since co-founding the Company in 2003 and Chairman of the Board since the Board was established.

Jones has led the strategic development and execution of all aspects of the Company’s business since inception.

Prior to leading Goosehead, he worked at the global consulting firm Bain & Company from 1991 to 2004, most recently as a senior partner and director.

At Bain, Jones consulted with CEOs and senior executives across a wide range of industries—including the insurance industry—primarily focused on growth strategies, mergers and acquisitions, and profit improvement programs.

In addition to his client responsibilities, he served as Bain’s Global Head of Recruiting for several years.

He began his professional career at Ernst & Young in Calgary, Canada from 1985 to 1989.

He earned a Bachelor of Commerce degree from the University of Alberta and an MBA from Harvard Business School.

123 words by Mark Jones

In the release announcing his departure as CEO of Goosehead Insurance Inc., Mark Jones received accolades, praise and thanks.

In announcing his departure, Mark Jones said 123 words.

“Experience, intelligence, and integrity”

Mark Jones stated: “I am incredibly proud of the extraordinary company Goosehead has become. As we have grown, we have invested in our management team with an eye to the future, building the right leadership for a company many multiples its current size. The most important recent addition has been Mark Miller who joined us nearly 2 years ago as President and Chief Operating Officer and has served as a member of the Board of Directors since our IPO. I have known Mark for 25 years, and I have observed first-hand his tremendous leadership ability as he has helped execute our strategic plan and delivered exceptional business results. I have great confidence in his experience, intelligence, and integrity to deliver for all our stakeholders moving forward.”

The above text is an excerpt from the exechange report 9.2024 ($), publication date February 26, 2024.