May 18, 2023
Corporate
A seasoned executive and three-time CMO of high-growth companies joins to lead Parity through its next phase.
Parity, and its parent company Group 1001, announced the hiring of Leela Srinivasan as its chief executive officer. Srinivasan, an experienced executive whose 25-year career has spanned roles in marketing, sales and management consulting at a series of high-profile public and private companies, is poised to lead Parity through its next phase in the fight against gender pay disparity in sports. Srinivasan inherits the CEO role from co-founders Minji Ro and Bill Shelton, who are stepping into leadership positions with Group 1001.
Parity was minority-founded in 2020 for both pro women athletes and their fans to bridge the income and opportunity gap in professional sports via an influencer marketing program and NFT marketplace. In recent years, women have received 0.4% of the global $66 billion sports sponsorship revenue share – or less than half of one cent for every $100 a male athlete is paid. Data indicates women’s sports fans are a huge and untapped consumer audience – and a rise in popularity in coverage indicates women’s sports could generate nearly $90 billion by 2027.
Since its founding, Parity proudly has paid out over $2 million to pro women athletes – and the company has its eyes on growing that number exponentially in the coming years.
“We are thrilled to welcome Leela to the Parity team," said Daniel Towriss, president and CEO of Group 1001. “Her track record of success across several industries, combined with her deep personal commitment to diversity, equity and inclusion, will help guide Parity as it strives to make a tangible impact in the lives of professional women athletes everywhere.”
Prior to joining Parity, Srinivasan served as chief marketing officer at three high-growth companies: Checkout.com, a global digital payments platform; Momentive, the parent company of SurveyMonkey,; and recruiting software company Lever. She also held marketing leadership roles at LinkedIn and OpenTable and worked for management consulting firm Bain and Company in London and San Francisco, following a successful career in sales leadership at Business Wire. Srinivasan is a current board member at Upwork, a limited partner at Stage 2 Capital and the Neythri Futures Fund, and has advised multiple startups. She holds an MBA from the Tuck School of Business at Dartmouth, where she serves on the board of advisors. She lives in Raleigh, North Carolina with her husband and three daughters.
”I am honored and excited to join Parity in its quest to unlock economic opportunity for women athletes, while helping corporate brands connect with their target consumers in high-impact ways,” said Srinivasan. “I’m inspired by Parity’s mission on multiple levels: as a sports enthusiast witnessing the rapid rise of women’s sports; as a go-to-market executive energized by powerful branding opportunities available to Parity’s clients; and as a business leader and mother of three girls with a longstanding commitment to diversity, equity, and inclusion. I’m grateful to Dan, Minji, and Bill for trusting me to lead Parity on the next chapter of this important journey, and I look forward to helping raise Parity’s profile and impact in the coming years.”
Parity’s community of 800+ athletes includes Olympians and Paralympians, as well as athletes that are as diverse in race, body type, and sexual orientation as their millions of fans. The data and insights the Parity team have collected in their first three years have also allowed them to help partner brands including Microsoft, Morgan Stanley, Strava, and FanUp meet their marketing and DEI goals. Parity’s mission comes as the future of women’s sports is brighter than ever.
“Together with our athletes and corporate partners, we can help grow the revenue generated by women’s sports and ensure that everyone – especially the athletes – see the benefits,” said Towriss. “Under Leela’s leadership, Parity will be well-positioned to harness the voices of over 800 elite athletes and numerous partnerships in the pursuit of that mission.”
About Parity
Parity was created in 2020 to unapologetically work toward closing the gender pay gap in sports, benefitting both elite women athletes and their fans. Founded by former leaders on Wall Street, the company drives revenue to pro women athletes by using proprietary data analytics to curate sponsorship opportunities, digital collectible sales, and more. With a current roster of more than 800 athletes from 70 sports and 30+ corporate partners, Parity is revolutionizing the financial model for women athletes. To learn more, visit www.paritynow.co
Jul 24, 2024
Corporate
Group 1001 has won the 2024 U.S. Insurance Award for Community Outreach Project of the Year – Pro Bono and Volunteer for 1001 Hours of Impact.
This award from Business Insurance recognizes a community outreach project in 2023 by an organization operating in the commercial insurance and risk management sector that invol...
Jul 11, 2024
Corporate
Delaware Life Insurance Company, a Group 1001 company, has been named a Ward’s 50® top-performing life-health company for 2024. This placement positions Delaware Life Insurance Company in the top 50 of more than 700 life-health insurance companies for outstanding financial results in the areas of safety, consistency, a...
Jun 25, 2024
Corporate
Group 1001, a leading financial services company, announces Martin Woll as Chief Operating Officer of Group 1001 Life & Annuity. A member of the executive leadership team and reporting to Group 1001’s President and CEO, Woll will lead the operations team, including the client experience, facilities, and corporate r...
Jun 20, 2024
Corporate
By Dale Uthoff, Chief Product Officer, Group 1001 Life and Annuity
June is National Annuity Awareness Month. Annuities can offer flexibility both in how you save for and receive money in retirement. It comes down to knowing that there are different types of annuities, each designed to address a specific need or life sta...
May 21, 2024
Corporate
To give consumers a simple, tailored way to diversify returns and guarantee higher minimum growth, Delaware Life Insurance Company (Delaware Life), a Group 1001 company, announces the addition of two diversified, multi-strategy Precision Portfolios as part of the Growth Pathway fixed index annuity (FIA). As an addition...
Apr 15, 2024
Corporate
Gainbridge®, a Group 1001 company, and Save®Advisers, LLC, a technology and wealth management company, announced the launch of Market+ to address the needs of savers who want market participation with a minimum guaranteed return.
Market+ offers a hybrid yield structure, featuring a 3% guaranteed annual yield (returned i...
Apr 11, 2024
Sponsorship
Corporate
Delaware Life Insurance Company (“Delaware Life”), a Group 1001 company and a leader in annuity and life insurance products, and DUPR (Dynamic Universal Pickleball Rating), today announced a long-term partnership dedicated to driving growth and innovation in pickleball.
Under the agreement, Delaware Life is the exclusi...
Mar 25, 2024
Corporate
WALTHAM, Mass., March 25, 2024 - Delaware Life Insurance Company ("Delaware Life") has launched an innovative, flexible-premium fixed index annuity featuring a premium bonus. PrimeStart Bonus 10SM offers an exclusive trifecta of features combining the power of a 10% premium bonus, interest crediting that’s ba...
Mar 11, 2024
Corporate
Zionsville, Ind. (March 11, 2024) – Group 1001, a leading financial services company, announces Nick Boaknin as Chief Information Officer. Boaknin previously held the role of Technology Transformation Leader.
As Chief Information Officer, Boaknin will assist Group 1001’s Technology team in building and delivering high-...
Mar 7, 2024
Corporate
Sponsorship
Group 1001, a leading financial services company, is off to the races to recognize and honor women employees and financial advisors during Women’s History Month in March.
To celebrate women working for Group 1001, more than 450 woman employees’ names will be included Sunday, March 10 on two Group 1001 company race cars...
Mar 5, 2024
Corporate
Sponsorship
Gainbridge®, a Group 1001 company, announced today a multi-year partnership with Iowa women’s basketball star Caitlin Clark to serve as brand ambassador for the company. The company also announced a new product now available on the Gainbridge® platform, ParityFlex™, a multi-year guaranteed annuity product created for w...
Feb 27, 2024
Corporate
Zionsville, IN (February 27, 2024) - Group 1001, a leading financial services company, announced the addition of Tricia Borcherding as Vice President, Technology Governance and Walter Hjelmar as Vice President, Platforms and Cloud.
In the role of Vice President, Technology Governance, Borcherding will shape and oversee...
Feb 8, 2024
Work Life
Corporate
Every February, the United States honors the contributions, sacrifices, and achievements of Black Americans who have helped shape the nation. We’ve asked several Group 1001 employees how they celebrate Black History Month and what it means to them.
Black History Month originally started as National Negro History Week in...
Nov 17, 2023
Corporate
Group 1001 has moved to a new office at 230 CityPoint, just outside of Boston. The new location provides a more flexible, modern space, allowing greater collaboration amongst team members to better serve clients.
Located just 20 minutes from downtown Boston, the office will support more than 150 employees.
“Our teams w...
Nov 8, 2023
Work Life
Corporate
Today is National STEM Day celebrating Science, Technology, Engineering, and Mathematics skills! At Group 1001, hundreds of our employees have STEM degrees that have led them to rewarding and important careers.
STEM Day was created because studies revealed that U.S. students were not keeping up with other countries in ...
Oct 18, 2023
Corporate
Zionsville, IN (October 18, 2023) - Group 1001 welcomes Vidhyarth (Raghu) Hariharan to the company as Senior Leverager, Vice President for the life and annuity businesses.
Reporting to the Chief Strategy Officer, Hariharan will further secure Group 1001’s reputation as a technology leader and innovator in today’s ever-...
Oct 16, 2023
Corporate
Zionsville, IN (October 16, 2023) – Group 1001, a leading financial services company, today announced the addition of Chris Kennedy as Group 1001 Chief Information Security Officer.
Kennedy has robust experience and a proven track record of developing and implementing comprehensive information security programs spanning...
Oct 13, 2023
Corporate
Group 1001 believes in supporting and engaging with the communities where we live and work, including by supporting minority-owned businesses.
In line with this belief, Delaware Life Insurance Company, a Group 1001 company, has maintained an investment of between $50 million and $175 million in the Cabrera Capital Marke...
Sep 28, 2023
Corporate
Zionsville, IN (September 28, 2023) – Delaware Life, a Group 1001 company, today announced the appointment of Colin Lake as President and CEO of Delaware Life Marketing. Lake brings more than 26 years of experience to the role with a track record of leading sales teams toward sustainable, exponential growth. Tom Seitz,...
Sep 26, 2023
Corporate
Mylo Embeds Access to its Home and Auto Insurance Solutions on the Gainbridge® Platform
ZIONSVILLE, IN (September 26, 2023) – Insurtech leaders Mylo and Gainbridge® today announced the launch of Gainbridge® Protect, which will embed Mylo’s guided auto and home insurance shopping experience into the Gainbridge® platform...
Sep 7, 2023
Corporate
Sponsorship
Community
Work Life
The Indy Women in Tech (IWiT) Summit took place Wednesday, August 30 in Indianapolis. Twenty-two employees from Group 1001 (including volunteers) attended the Summit, thanks to complimentary tickets from IWiT. More than 190 attendees in total enjoyed the session. The Summit was part of Rally, a three-day global innovat...
Sep 1, 2023
Corporate
Zionsville, IN (September 1, 2023) - Gainbridge®, a Group 1001 company, announced that Minji Ro has joined the company as Chief Strategy Officer for the life and annuity businesses. Ro has extensive experience in financial services, process improvement, and implementing forward-thinking strategies that align with the c...
Aug 31, 2023
Corporate
The Delaware Life Accelerator Prime® Variable Annuity (the APVA) has been named Best Annuities: Guaranteed Income with Some Flexibility, Liquidity, and Growth Potential by Barron’s. The list includes “annuities with the most competitive payouts or guarantees, all offered by insurers with top credit ratings.”
The article...
Aug 21, 2023
Work Life
Corporate
Community
“Start where you are. Use what you have. Do what you can.” – Arthur Ashe, Former Pro Tennis Player
This quote describes the recent volunteer activity undertaken in Waltham as employees donated supplies, assembled and filled backpacks, loaded trucks, and delivered 255 fully-stocked backpacks to families in need with el...
Aug 17, 2023
Work Life
Corporate
Gu Xie, Head of Data Engineering for Group 1001, is already making huge waves as he approaches one year on the job, leading the transformation of the organization to become data-centric. Gu built an innovative platform from the ground up, focused on new capabilities and data to enable analytic outcomes and empower team...
Jul 28, 2023
Corporate
Group 1001, Inc. would like to provide an update to our stakeholders concerning the February 9, 2023, ransomware attack on our information technology infrastructure.
As previously reported, we immediately launched an investigation to determine the full scope of the incident, and a team of leading third-party forensic e...
Jul 27, 2023
Corporate
We are excited to work with 11 summer interns! Group 1001’s internships are designed to provide a highly engaging, real-life experience where students have the opportunity to work on real projects, make an impact, and gain valuable business skills.
“Group 1001 is committed to providing interns the opportunity to provide...