Nominations of Maxine Williams, Serena Wolfe
and Sharda Cherwoo will Bring the Proposed Board to 40% Women as
Doma Nears Completion of Previously Announced Business
Combination
Doma, a leading force for disruptive change in the real estate
industry, today announced that Sharda Cherwoo, Maxine Williams, and
Serena Wolfe will be nominated to its Board of Directors in
connection with the closing of its previously announced business
combination, marking an important step in diversifying the
leadership that is guiding Doma through sustained and accelerating
growth. With a clear path to market share gains and a
differentiated, technology-first vision for creating a better,
faster, and more affordable residential real estate closing
experience, Doma will benefit from a Board of Directors with broad
perspectives, varied professional backgrounds, and additional
female leadership. The three women are expected to join an already
exceptionally strong Board that includes Matt Zames, Lawrence H.
Summers, Karen Richardson, Stuart Miller, Charles Moldow, and Max
Simkoff, each of whom is expected to continue serving upon
completion of the business combination. Today’s announcement comes
on the heels of Doma entering into a business combination agreement
in March 2021 with Capitol Investment Corp. V (NYSE: CAP, CAP WS
and CAP.U) (“Capitol”), a publicly traded special purpose
acquisition company.
Maxine Williams
Ms. Williams is the Chief Diversity Officer at Facebook, where
she focuses on developing strategies for the integration of diverse
perspectives and experiences into the building of products,
development of policies, and creation of programming to fulfill
Facebook's mission of making the world more connected. Maxine is a
member of Facebook’s leadership team and reports directly to the
COO. She also serves as director on the board and member of the
Governance, Nomination, and Remuneration Committee of the Massy
Group, an investment holding / management company with three main
investment portfolios: Integrated Retail, Gas Products and Motors
& Machines. The Group employs over 12,000 people in nearly 60
companies across the Caribbean and Latin American region. Ms.
Williams’ wealth of global experience - in transformative
technology and in transforming companies’ culture and talent base -
would greatly enhance Doma’s Board of Directors.
“As Doma approaches a monumental turning point in its journey as
a company, I’m thrilled to join the team of leaders helping them
navigate the overhaul of an extremely outdated industry while also
providing guidance on how to scale their team and product at a
remarkable pace,” said Williams. “Machine learning has become a
critical tool for success in today’s market, and I’m excited at the
prospect to serve on a board committed to applying that tech to
improving the home buying experience for every single
homebuyer—whether this is their first home or not.”
Serena Wolfe
Currently Chief Financial Officer at Annaly Capital Management,
Inc., a leading diversified capital manager in the mortgage REIT
sector, Ms. Wolfe previously held a variety of roles across
industries during her 22-year career at Ernst & Young LLP (EY),
including as Partner and serving as Global RHC Assurance Leader and
U.S. Central Region Real Estate Hospitality & Construction
(RHC) leader. EY’s RHC practice has the largest integrated real
estate practice of any global accounting organization. Ms. Wolfe is
a Certified Public Accountant in California, Illinois, New York and
Pennsylvania, and received a Bachelor of Commerce in Accounting
from the University of Queensland, Australia.
As Doma’s expected nominee for Audit Chair, Ms. Wolfe’s depth of
financial expertise in the real estate sector, combined with her
experience as CFO of a public company, will enhance the acumen and
oversight of the company’s financial and governance best practices.
Ms. Wolfe’s breadth of experience and accomplishment relatively
early in her career would open another aperture of perspective to
an increasingly diverse Board of Directors at Doma.
“As a society, we’ve evolved past paper-first real estate
transactions, and Doma not only understands that, but is leading
the digital transformation of title and escrow,” said Wolfe. “The
company is uprooting a process that is ripe for disruption, and I
look forward to the prospect of helping build strong processes and
structure as Doma’s nominated Audit Chair, while the team
capitalizes on accelerating momentum to achieve all of our goals as
a public company. With the Board and Management’s incredible
combination of diverse perspectives and broad expertise, I am eager
to see what we can unlock together.”
Sharda Cherwoo
Ms. Cherwoo retired as a Partner from Ernst & Young LLP
(EY), where she worked for more than 35 years, serving dozens of
companies in client service roles with the firm’s audit, tax,
mergers and acquisitions, and management consulting practices.
During her time at EY she held various leadership roles, including
Intelligent Automation Leader, Private Equity Senior Advisory
Partner and Director of Tax Operations for EY’s Americas Region. In
these positions, she has also spearheaded several major
organizational innovations, including EY’s own digital
transformation and the founding of EY’s Global Shared Services
operations, which proved to be instrumental in expanding global
talent and driving business growth. She is also known for her
passion around mentoring promising young talent, advising seasoned
executives, and promoting innovative, outcome-driven strategies and
programs.
Following her career at EY, Ms. Cherwoo has become increasingly
active in corporate and not-for-profit governance. She is a member
of the board of directors of World Fuel Services Corp., a publicly
traded energy, commodities and services company, serves as a member
of the advisory board of Land O’Lakes Inc., a member-owned
agricultural cooperative, is a member of the board of directors of
Tax Analysts, a non-partisan, non-profit publisher, and a member of
the board of trustees of the International House of New York.
Having worked with so many companies across various industries over
the span of her career, Ms. Cherwoo is well positioned to provide
the Doma team with a unique perspective on a broad array of market
and operational scenarios and would be a strong addition to the
public company Board of Directors.
“Consumers today expect an Amazon-like experience in every
aspect of their lives, and that is exactly what Doma is proving
when it comes to the home closing experience,” said Cherwoo. “As
someone who has worked with financial services companies for more
than two decades, I understand firsthand how process innovation and
embracing technology can drastically improve the customer
experience and drive sustained efficiencies. I’m thrilled at the
prospect of joining Doma’s incredible Board of Directors at such an
exciting time in the company’s evolution, and I’m looking forward
to help it make strides in transforming the real estate
industry.”
“These three women humble me with their combined expertise.
Their joining the board would bring Doma closer - sooner - to our
vision of providing current and prospective homeowners, lenders,
title agents, and real estate professionals with a seamless closing
experience,” said Max Simkoff, CEO of Doma. “As we near the
beginning of our journey as a public company, and while we continue
to experience tremendous growth, a board of this caliber would
provide the diversity of perspective we need to continually
innovate, execute, and make our company a desirable place to
work.”
Capitol expects to nominate Mmes. Cherwoo, Williams, and Wolfe,
in addition to Doma’s existing board members, for election at a
meeting of Capitol’s stockholders to be held in connection with the
approval of the business combination. Such an election would be
effective upon the consummation of the business combination, at
which point Capitol would be renamed Doma Holdings, Inc.
Doma is a technology company focused on creating a vastly more
simple, efficient, and affordable closing experience for current
and prospective homeowners, lenders, title agents, and real estate
professionals. Founded in 2016, Doma uses proprietary machine
intelligence technology, that is being trained on 30 years of
historical data, to remove the friction and frustration from the
residential real estate closing process.
About Doma
Doma Holdings, Inc. (formerly States Title Holding, Inc.) is
architecting the future of real estate transactions. The company
uses machine intelligence and its patented technology solutions to
transform residential real estate, making closings instant and
affordable. Doma and its family of brands – States Title, North
American Title Company (NATC) and North American Title Insurance
Company (NATIC) – offer solutions for current and prospective
homeowners, lenders, title agents, and real estate professionals
that make closings vastly more simple and efficient, reducing cost
and increasing customer satisfaction. Doma’s clients include some
of the largest bank and non-bank lenders in the United States. In
March 2021, Doma announced plans to become publicly traded via a
merger with Capitol Investment Corp. V (NYSE:CAP, CAP WS and
CAP.U). To learn more visit doma.com.
About Capitol Investment Corp. V
Capitol Investment Corp. V is a $345 million public investment
vehicle with the mission to invest in and help build an
industry-leading public company that will aim to deliver long-term
value to shareholders. Capitol is led by Chairman and Chief
Executive Officer, Mark D. Ein, and President and Chief Financial
Officer, L. Dyson Dryden. The Capitol team has raised $1.5 billion
in five SPACs since 2007 and closed four SPAC mergers. Capitol’s
securities are listed on the New York Stock Exchange under the
ticker symbols CAP, CAP WS and CAP.U.
Additional Information and Where to Find It
This press release relates to a proposed transaction between
Doma and Capitol. This press release does not constitute an offer
to sell or exchange, or the solicitation of an offer to buy or
exchange, any securities, nor shall there be any sale of securities
in any jurisdiction in which such offer, sale or exchange would be
unlawful prior to registration or qualification under the
securities laws of any such jurisdiction. No offering of securities
shall be made except by means of a prospectus meeting the
requirements of Section 10 of the Securities Act of 1933, as
amended. Capitol has filed a registration statement on Form S-4
with the U.S. Securities and Exchange Commission (the “SEC”), which
includes a document that serves as a prospectus and proxy statement
of Capitol, referred to as a proxy statement/prospectus. A proxy
statement/prospectus will be sent to all Capitol stockholders.
Capitol also will file other documents regarding the proposed
transaction with the SEC. Before making any voting decision,
investors and security holders of Capitol are urged to read the
registration statement, the proxy statement/prospectus and all
other relevant documents filed or that will be filed with the SEC
in connection with the proposed transaction as they become
available because they will contain important information about the
proposed transaction.
Investors and security holders may obtain free copies of the
registration statement, the proxy statement/prospectus and all
other relevant documents filed or that will be filed with the SEC
by Capitol through the website maintained by the SEC at
www.sec.gov.
The documents filed by Capitol with the SEC also may be obtained
free of charge at Capitol’s website at
https://www.capinvestment.com/ or upon written request to 1300 17th
Street North, Suite 820, Arlington, Virginia 22209.
Participants in Solicitation
Capitol and Doma and their respective directors and executive
officers may be deemed to be participants in the solicitation of
proxies from Capitol’s stockholders in connection with the proposed
transaction. A list of the names of such directors and executive
officers and information regarding their interests in the business
combination is contained in the proxy statement/prospectus. You may
obtain free copies of these documents as described in the preceding
paragraph.
Forward-Looking Statements Legend
This press release includes “forward-looking statements” within
the meaning of the “safe harbor” provisions of the United States
Private Securities Litigation Reform Act of 1995. Forward-looking
statements may be identified by the use of words such as
"estimate," "plan," "project," "forecast," "intend," "will,"
"expect," "anticipate," "believe," "seek," "target" or other
similar expressions that predict or indicate future events or
trends or that are not statements of historical matters. These
forward-looking statements include, but are not limited to,
statements regarding estimates and forecasts of financial and
performance metrics, projections of market opportunity, total
addressable market (TAM), market share and competition and
potential benefits of the transactions described herein, and
expectations related to the terms and timing of the transactions
described herein. These statements are based on various
assumptions, whether or not identified in this press release, and
on the current expectations of Doma’s and Capitol’s management and
are not predictions of actual performance. These forward-looking
statements are provided for illustrative purposes only and are not
intended to serve as, and must not be relied on by any investor as,
a guarantee, an assurance, a prediction or a definitive statement
of fact or probability. Actual events and circumstances are
difficult or impossible to predict, will differ from assumptions
and are beyond the control of Doma and Capitol.
These forward-looking statements are subject to a number of
risks and uncertainties, including changes in business, market,
financial, political and legal conditions; the inability of the
parties to successfully or timely consummate the transactions
described herein; failure to realize the anticipated benefits of
the transactions described herein; risks relating to the
uncertainty of the projected financial information with respect to
Doma; future global, regional or local economic, political, market
and social conditions, including due to the COVID-19 pandemic; the
development, effects and enforcement of laws and regulations,
including with respect to the title insurance industry; Doma’s
ability to manage its future growth or to develop or acquire
enhancements to its platform; the effects of competition on Doma’s
future business; the outcome of any potential litigation,
government and regulatory proceedings, investigations and
inquiries; and those other factors included in Capitol’s final
prospectus relating to its initial public offering dated December
1, 2020 (File No. 333-249297) and the registration statement on
Form S-4 (File No. 333-254470) filed with the SEC under the heading
"Risk Factors," and other documents Capitol filed, or will file,
with the SEC.
If any of these risks materialize or Doma’s or Capitol’s
assumptions prove incorrect, actual results could differ materially
from the results implied by these forward-looking statements. There
may be additional risks that neither Doma nor Capitol presently
know or that Doma or Capitol currently believe are immaterial that
could also cause actual results to differ from those contained in
the forward-looking statements. In addition, forward-looking
statements reflect Doma’s and Capitol’s expectations, plans or
forecasts of future events and views as of the date of this press
release. Doma and Capitol anticipate that subsequent events and
developments will cause Doma’s and Capitol’s assessments to change.
However, while Doma and Capitol may elect to update these
forward-looking statements at some point in the future, Doma and
Capitol specifically disclaim any obligation to do so, except as
required by law. These forward-looking statements should not be
relied upon as representing Doma’s and Capitol’s assessments as of
any date subsequent to the date of this press release. Accordingly,
undue reliance should not be placed upon the forward-looking
statements.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210615006188/en/
Investor Contact: Chris Mammone The Blueshirt Group for Doma
ir@doma.com
Media Contact: Martha Shaughnessy The Key PR for Doma
press@doma.com
Capitol Investment Corp V (NYSE:CAP.U)
過去 株価チャート
から 8 2024 まで 9 2024
Capitol Investment Corp V (NYSE:CAP.U)
過去 株価チャート
から 9 2023 まで 9 2024