Stead, who joined the organization in 2019, currently serves as senior vice president of finance. His promotion marks a long-term succession plan for the firm, which has relied on Bixby’s leadership since 2017. The transition period is scheduled to span the next two years, ensuring continuity as the company navigates its current market position.
Lemonade Appoints Nick Stead as Successor to CFO Tim Bixby
After nearly a decade overseeing the financial operations of the New York-based insurer, Tim Bixby will step down as chief financial officer. Lemonade confirmed Wednesday that Bixby is set to transition into a seat on the company’s board, handing over the reins to 33-year-old Nick Stead effective Jan. 1, 2027.
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